REI Lense

REI Lense

$2,642 (target)

1990 Ida And Mary Mclawhorn Road, Greenville, NC 27858

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $80,643 initial cash invested.

-1.86%

Cash On Cash

6.35%

Cap Rate

0.99

DSCR

$2,642

Rent

-$125

Cashflow

Cash Flow

$2,642 income − $2,767 expenses = $125 out of pocket

Income$2,642Out ofPocket$125P&I$1,59760%Taxes$1706%Insurance$1014%Mgmt$31712%CapEx$1064%Vacancy$793%Maint.$1064%Other$29111%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,643

Downpayment

20%

$59,660

Closing costs

1%

$2,983

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,642

Total Expenses

$2,767

Mortgage P&I

60%

$1,597

Property Taxes

6%

$170

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

See Greenville, NC mid-term rental market →

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