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$3,642 (target)

2007 Creeks Landing Dr, Monroe, NC 28110

3 beds • 3 baths • 2759 sqft

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This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $139k initial cash invested.

-7.76%

Cash On Cash

4.31%

Cap Rate

0.73

DSCR

$3,642

Rent

-$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,642 income − $4,544 expenses = $902 out of pocket

Income$3,642Out of Pocket$902Mortgage P&I$2,83478%Property Taxes$2026%Insurance$2156%HOA$541%Management$43712%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40111%

Investment Breakdown

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Purchase Price

$578k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$116k

Closing costs

1%

$5,784

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,642

Total Expenses

$4,544

Mortgage P&I

78%

$2,834

Property Taxes

6%

$202

Home Insurance

6%

$215

HOA

1%

$54

Property Management

12%

$437

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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