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$2,732 (target)

2524 Old Pond Dr, Lincolnton, NC 28092

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $89,211 initial cash invested.

-2.57%

Cash On Cash

5.7%

Cap Rate

0.95

DSCR

$2,732

Rent

-$191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,732 income − $2,923 expenses = $191 out of pocket

Income$2,732Out of Pocket$191Mortgage P&I$1,69462%Property Taxes$1787%Insurance$1224%Management$32812%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30111%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,211

Downpayment

20%

$67,820

Closing costs

1%

$3,391

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,732

Total Expenses

$2,923

Mortgage P&I

62%

$1,694

Property Taxes

7%

$178

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$301

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