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$2,925 (target)

1515 Ann Street, Wilmington, NC 28401

3 beds • 4 baths • 2130 sqft

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This property might be a fair Mid-Term investment with a projected 7.93% first-year return on $67,791 initial cash invested.

7.93%

Cash On Cash

8.91%

Cap Rate

1.47

DSCR

$2,925

Rent

$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,925 income − $2,477 expenses = $448 cash flow

Income$2,925Mortgage P&I$1,19541%Property Taxes$682%Insurance$2197%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$448

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,791

Downpayment

20%

$47,420

Closing costs

1%

$2,371

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,925

Total Expenses

$2,477

Mortgage P&I

41%

$1,195

Property Taxes

2%

$68

Home Insurance

7%

$219

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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