REI Lense

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$2,388 (target)

211 Lamplighter Ln, Mount Holly, NC 28120

3 beds • 3 baths • 2308 sqft

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This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $120k initial cash invested.

-16.78%

Cash On Cash

3.05%

Cap Rate

0.48

DSCR

$2,388

Rent

-$1,674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,388 income − $4,062 expenses = $1,674 out of pocket

Income$2,388Out of Pocket$1,674Mortgage P&I$3,002126%Property Taxes$24010%Insurance$2008%Management$23910%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,388

Total Expenses

$4,062

Mortgage P&I

126%

$3,002

Property Taxes

10%

$240

Home Insurance

8%

$200

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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