REI Lense

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$2,542 (target)

300 Eastwood Dr, Mount Holly, NC 28120

3 beds • 2 baths • 1251 sqft

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This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $114k initial cash invested.

-11.71%

Cash On Cash

3.49%

Cap Rate

0.57

DSCR

$2,542

Rent

-$1,115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,542 income − $3,657 expenses = $1,115 out of pocket

Income$2,542Out of Pocket$1,115Mortgage P&I$2,34592%Property Taxes$28311%Insurance$1646%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,640

Closing costs

1%

$4,582

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,542

Total Expenses

$3,657

Mortgage P&I

92%

$2,345

Property Taxes

11%

$283

Home Insurance

6%

$164

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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