REI Lense

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$3,364 (target)

206 W Woodrow Ave, Belmont, NC 28012

3 beds • 3 baths • 1636 sqft

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This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $119k initial cash invested.

-8.09%

Cash On Cash

4.54%

Cap Rate

0.73

DSCR

$3,364

Rent

-$800

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,364 income − $4,164 expenses = $800 out of pocket

Income$3,364Out of Pocket$800Mortgage P&I$2,47774%Property Taxes$37011%Insurance$1725%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,840

Closing costs

1%

$4,792

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,364

Total Expenses

$4,164

Mortgage P&I

74%

$2,477

Property Taxes

11%

$370

Home Insurance

5%

$172

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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