REI Lense

REI Lense

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$1,802 (target)

203 Park Rd, Mount Holly, NC 28120

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $61,845 initial cash invested.

-7.41%

Cash On Cash

4.8%

Cap Rate

0.8

DSCR

$1,802

Rent

-$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,802 income − $2,184 expenses = $382 out of pocket

Income$1,802Out of Pocket$382Mortgage P&I$1,47082%Property Taxes$1327%Insurance$1146%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,802

Total Expenses

$2,184

Mortgage P&I

82%

$1,470

Property Taxes

7%

$132

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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