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$2,312 (target)

22 W Governor Brandon St, Spring Lake, NC 28390

3 beds • 2 baths • 1227 sqft

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This property could be a profitable Mid-Term investment with a projected 15.63% first-year return on $49,206 initial cash invested.

15.63%

Cash On Cash

12.37%

Cap Rate

1.92

DSCR

$2,312

Rent

$641

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $1,671 expenses = $641 cash flow

Income$2,312Mortgage P&I$79935%Property Taxes$362%Insurance$522%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%Cash Flow$641

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,206

Downpayment

20%

$29,720

Closing costs

1%

$1,486

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,312

Total Expenses

$1,671

Mortgage P&I

35%

$799

Property Taxes

2%

$36

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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