REI Lense

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$2,518 (target)

21013 Entrada Dr, Cornelius, NC 28031

3 beds • 2 baths • 1342 sqft

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This property looks like a bad Long-Term investment with a projected -8.2% first-year return on $85,365 initial cash invested.

-8.2%

Cash On Cash

4.85%

Cap Rate

0.78

DSCR

$2,518

Rent

-$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $3,101 expenses = $583 out of pocket

Income$2,518Out of Pocket$583Mortgage P&I$2,10183%Property Taxes$1928%Insurance$1476%HOA$6Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,365

Downpayment

20%

$81,300

Closing costs

1%

$4,065

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,518

Total Expenses

$3,101

Mortgage P&I

83%

$2,101

Property Taxes

8%

$192

Home Insurance

6%

$147

HOA

0%

$6

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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