REI Lense

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$2,793 (target)

1614 Kenmore Dr, Statesville, NC 28625

3 beds • 2 baths • 1891 sqft

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This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $99,795 initial cash invested.

-4.56%

Cash On Cash

5.19%

Cap Rate

0.86

DSCR

$2,793

Rent

-$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,793 income − $3,172 expenses = $379 out of pocket

Income$2,793Out of Pocket$379Mortgage P&I$1,95370%Property Taxes$1335%Insurance$1365%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,795

Downpayment

20%

$77,900

Closing costs

1%

$3,895

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,793

Total Expenses

$3,172

Mortgage P&I

70%

$1,953

Property Taxes

5%

$133

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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