REI Lense

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$3,200 (target)

251 Summit Park Ct, Kannapolis, NC 28083

3 beds • 2 baths • 1882 sqft

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This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $88,854 initial cash invested.

-0.24%

Cash On Cash

6.37%

Cap Rate

1.07

DSCR

$3,200

Rent

-$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,200 income − $3,218 expenses = $18 out of pocket

Income$3,200Out of Pocket$18Mortgage P&I$1,68253%Property Taxes$31910%Insurance$1194%HOA$10Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%

Investment Breakdown

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Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,854

Downpayment

20%

$67,480

Closing costs

1%

$3,374

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,200

Total Expenses

$3,218

Mortgage P&I

53%

$1,682

Property Taxes

10%

$319

Home Insurance

4%

$119

HOA

0%

$10

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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