REI Lense

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$3,777 (target)

21013 Entrada Dr, Cornelius, NC 28031

3 beds • 2 baths • 1342 sqft

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This property might be a fair Mid-Term investment with a projected 0.56% first-year return on $103k initial cash invested.

0.56%

Cash On Cash

6.79%

Cap Rate

1.09

DSCR

$3,777

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,777 income − $3,729 expenses = $48 cash flow

Income$3,777Mortgage P&I$2,10156%Property Taxes$1925%Insurance$1474%HOA$6Management$45312%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41511%Cash Flow$48

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,300

Closing costs

1%

$4,065

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,777

Total Expenses

$3,729

Mortgage P&I

56%

$2,101

Property Taxes

5%

$192

Home Insurance

4%

$147

HOA

0%

$6

Property Management

12%

$453

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$415

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