REI Lense

REI Lense

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$2,614 (target)

1465 Neills Creek Rd, Lillington, NC 27546

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $73,500 initial cash invested.

-2.96%

Cash On Cash

5.81%

Cap Rate

0.97

DSCR

$2,614

Rent

-$181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,614 income − $2,795 expenses = $181 out of pocket

Income$2,614Out of Pocket$181Mortgage P&I$1,74567%Property Taxes$2489%Insurance$1225%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,614

Total Expenses

$2,795

Mortgage P&I

67%

$1,745

Property Taxes

9%

$248

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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