REI Lense

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$1,069 (target)

218 Melrose Dr, Hurricane, WV 25526

3 beds • 2 baths • 1662 sqft

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This property looks like a bad Long-Term investment with a projected -9.67% first-year return on $35,616 initial cash invested.

-9.67%

Cash On Cash

4.85%

Cap Rate

0.75

DSCR

$1,069

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,069 income − $1,356 expenses = $287 out of pocket

Income$1,069Out of Pocket$287Mortgage P&I$91986%Property Taxes$10210%Insurance$585%Management$10710%CapEx$535%Vacancy$646%Maintenance$535%

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,616

Downpayment

20%

$33,920

Closing costs

1%

$1,696

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,069

Total Expenses

$1,356

Mortgage P&I

86%

$919

Property Taxes

10%

$102

Home Insurance

5%

$58

HOA

0%

$0

Property Management

10%

$107

CapEx

5%

$53

Vacancy

6%

$64

Maintenance

5%

$53

Other

0%

$0

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