REI Lense

REI Lense

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$966 (target)

2047 Bailey Dr, Hickory, NC 28601

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -16.68% first-year return on $60,879 initial cash invested.

-16.68%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$966

Rent

-$846

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$966 income − $1,812 expenses = $846 out of pocket

Income$966Out of Pocket$846Mortgage P&I$1,449150%Property Taxes$101%Insurance$10211%Management$9710%CapEx$485%Vacancy$586%Maintenance$485%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$966

Total Expenses

$1,812

Mortgage P&I

150%

$1,449

Property Taxes

1%

$10

Home Insurance

11%

$102

HOA

0%

$0

Property Management

10%

$97

CapEx

5%

$48

Vacancy

6%

$58

Maintenance

5%

$48

Other

0%

$0

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