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$1,834 (target)

154 Reep Rd, Kings Mountain, NC 28086

3 beds • 3 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $70,602 initial cash invested.

-11.1%

Cash On Cash

4.17%

Cap Rate

0.68

DSCR

$1,834

Rent

-$653

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,834 income − $2,487 expenses = $653 out of pocket

Income$1,834Out of Pocket$653Mortgage P&I$1,72894%Property Taxes$1609%Insurance$1227%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,602

Downpayment

20%

$67,240

Closing costs

1%

$3,362

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,834

Total Expenses

$2,487

Mortgage P&I

94%

$1,728

Property Taxes

9%

$160

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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