REI Lense

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$1,738 (target)

212 Mitchell Ave, Clayton, NC 27520

3 beds • 2 baths • 1416 sqft

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This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $59,073 initial cash invested.

-9.3%

Cash On Cash

4.4%

Cap Rate

0.74

DSCR

$1,738

Rent

-$458

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,738 income − $2,196 expenses = $458 out of pocket

Income$1,738Out of Pocket$458Mortgage P&I$1,40381%Property Taxes$23914%Insurance$1026%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,073

Downpayment

20%

$56,260

Closing costs

1%

$2,813

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,738

Total Expenses

$2,196

Mortgage P&I

81%

$1,403

Property Taxes

14%

$239

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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