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$1,673 (target)

229 Sterling Way, Angier, NC 27501

3 beds • 2 baths • 1363 sqft

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This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $56,994 initial cash invested.

-8.06%

Cash On Cash

4.6%

Cap Rate

0.78

DSCR

$1,673

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,673 income − $2,056 expenses = $383 out of pocket

Income$1,673Out of Pocket$383Mortgage P&I$1,34080%Property Taxes$18311%Insurance$986%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,994

Downpayment

20%

$54,280

Closing costs

1%

$2,714

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,673

Total Expenses

$2,056

Mortgage P&I

80%

$1,340

Property Taxes

11%

$183

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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