REI Lense

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$2,668 (target)

2603 Cherokee Ct, Gastonia, NC 28056

3 beds • 2 baths • 1348 sqft

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This property looks like a bad Mid-Term investment with a projected -1.22% first-year return on $79,677 initial cash invested.

-1.22%

Cash On Cash

6.13%

Cap Rate

1.02

DSCR

$2,668

Rent

-$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,668 income − $2,749 expenses = $81 out of pocket

Income$2,668Out of Pocket$81Mortgage P&I$1,47455%Property Taxes$26310%Insurance$1054%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29311%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,677

Downpayment

20%

$58,740

Closing costs

1%

$2,937

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,668

Total Expenses

$2,749

Mortgage P&I

55%

$1,474

Property Taxes

10%

$263

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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