REI Lense

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$2,634 (target)

214 Walnut Ave, Mount Holly, NC 28120

3 beds • 2 baths • 1384 sqft

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This property looks like a bad Mid-Term investment with a projected -4.1% first-year return on $89,274 initial cash invested.

-4.1%

Cash On Cash

5.27%

Cap Rate

0.88

DSCR

$2,634

Rent

-$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,634 income − $2,939 expenses = $305 out of pocket

Income$2,634Out of Pocket$305Mortgage P&I$1,69064%Property Taxes$2339%Insurance$1215%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,634

Total Expenses

$2,939

Mortgage P&I

64%

$1,690

Property Taxes

9%

$233

Home Insurance

5%

$121

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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