REI Lense

REI Lense

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$1,543 (target)

203 Park Dr, Kings Mountain, NC 28086

3 beds • 2 baths • 1285 sqft

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This property looks like a bad Long-Term investment with a projected -8.47% first-year return on $45,360 initial cash invested.

-8.47%

Cash On Cash

5.2%

Cap Rate

0.79

DSCR

$1,543

Rent

-$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,543 income − $1,863 expenses = $320 out of pocket

Income$1,543Out of Pocket$320Mortgage P&I$1,17976%Property Taxes$20713%Insurance$765%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,360

Downpayment

20%

$43,200

Closing costs

1%

$2,160

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,543

Total Expenses

$1,863

Mortgage P&I

76%

$1,179

Property Taxes

13%

$207

Home Insurance

5%

$76

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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