REI Lense

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$2,118 (target)

151 Florida Ave, Morgantown, WV 26501

3 beds • 2 baths • 1247 sqft

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This property might be a fair Mid-Term investment with a projected 8.47% first-year return on $54,120 initial cash invested.

8.47%

Cash On Cash

9.45%

Cap Rate

1.53

DSCR

$2,118

Rent

$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,118 income − $1,736 expenses = $382 cash flow

Income$2,118Mortgage P&I$88742%Property Taxes$623%Insurance$663%Management$25412%CapEx$854%Vacancy$643%Maintenance$854%Other$23311%Cash Flow$382

Investment Breakdown

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Purchase Price

$172k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,120

Downpayment

20%

$34,400

Closing costs

1%

$1,720

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,118

Total Expenses

$1,736

Mortgage P&I

42%

$887

Property Taxes

3%

$62

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$254

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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