REI Lense

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$1,911 (target)

3200 Greenridge Way, Leland, NC 28451

3 beds • 2 baths • 1265 sqft

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This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $63,294 initial cash invested.

-8.13%

Cash On Cash

4.73%

Cap Rate

0.78

DSCR

$1,911

Rent

-$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,911 income − $2,340 expenses = $429 out of pocket

Income$1,911Out of Pocket$429Mortgage P&I$1,52080%Property Taxes$1739%Insurance$1166%HOA$332%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,294

Downpayment

20%

$60,280

Closing costs

1%

$3,014

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,911

Total Expenses

$2,340

Mortgage P&I

80%

$1,520

Property Taxes

9%

$173

Home Insurance

6%

$116

HOA

2%

$33

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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