REI Lense

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$2,428 (target)

2007 Creeks Landing Dr, Monroe, NC 28110

3 beds • 3 baths • 2759 sqft

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This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $121k initial cash invested.

-14.9%

Cash On Cash

3%

Cap Rate

0.51

DSCR

$2,428

Rent

-$1,508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,428 income − $3,936 expenses = $1,508 out of pocket

Income$2,428Out of Pocket$1,508Mortgage P&I$2,834117%Property Taxes$2028%Insurance$2159%HOA$542%Management$24310%CapEx$1215%Vacancy$1466%Maintenance$1215%

Investment Breakdown

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Purchase Price

$578k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$116k

Closing costs

1%

$5,784

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,428

Total Expenses

$3,936

Mortgage P&I

117%

$2,834

Property Taxes

8%

$202

Home Insurance

9%

$215

HOA

2%

$54

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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