REI Lense

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$1,604 (target)

218 Melrose Dr, Hurricane, WV 25526

3 beds • 2 baths • 1662 sqft

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This property looks like a bad Mid-Term investment with a projected -0.43% first-year return on $53,616 initial cash invested.

-0.43%

Cash On Cash

6.82%

Cap Rate

1.05

DSCR

$1,604

Rent

-$19

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,604 income − $1,623 expenses = $19 out of pocket

Income$1,604Out of Pocket$19Mortgage P&I$91957%Property Taxes$1026%Insurance$584%Management$19212%CapEx$644%Vacancy$483%Maintenance$644%Other$17611%

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,616

Downpayment

20%

$33,920

Closing costs

1%

$1,696

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,604

Total Expenses

$1,623

Mortgage P&I

57%

$919

Property Taxes

6%

$102

Home Insurance

4%

$58

HOA

0%

$0

Property Management

12%

$192

CapEx

4%

$64

Vacancy

3%

$48

Maintenance

4%

$64

Other

11%

$176

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