REI Lense

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$2,314 (target)

203 Park Dr, Kings Mountain, NC 28086

3 beds • 2 baths • 1285 sqft

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This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $63,360 initial cash invested.

1.21%

Cash On Cash

7.42%

Cap Rate

1.13

DSCR

$2,314

Rent

$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,314 income − $2,250 expenses = $64 cash flow

Income$2,314Mortgage P&I$1,17951%Property Taxes$2079%Insurance$763%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25511%Cash Flow$64

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,360

Downpayment

20%

$43,200

Closing costs

1%

$2,160

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,314

Total Expenses

$2,250

Mortgage P&I

51%

$1,179

Property Taxes

9%

$207

Home Insurance

3%

$76

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$255

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