REI Lense

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$2,798 (target)

201 Southerby Dr, Garner, NC 27529

3 beds • 3 baths • 1409 sqft

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This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $86,040 initial cash invested.

-2.54%

Cash On Cash

5.74%

Cap Rate

0.96

DSCR

$2,798

Rent

-$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,798 income − $2,980 expenses = $182 out of pocket

Income$2,798Out of Pocket$182Mortgage P&I$1,62058%Property Taxes$29210%Insurance$1164%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,040

Downpayment

20%

$64,800

Closing costs

1%

$3,240

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,798

Total Expenses

$2,980

Mortgage P&I

58%

$1,620

Property Taxes

10%

$292

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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