REI Lense

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$2,690 (target)

1480 Davis Mountain Rd, Hendersonville, NC 28739

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -14.22% first-year return on $153k initial cash invested.

-14.22%

Cash On Cash

2.74%

Cap Rate

0.46

DSCR

$2,690

Rent

-$1,819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $4,509 expenses = $1,819 out of pocket

Income$2,690Out of Pocket$1,819Mortgage P&I$3,182118%Property Taxes$1857%Insurance$2268%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

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Purchase Price

$645k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$129k

Closing costs

1%

$6,450

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$4,509

Mortgage P&I

118%

$3,182

Property Taxes

7%

$185

Home Insurance

8%

$226

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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