REI Lense

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$2,131 (target)

3505 Sandberry Dr, Waxhaw, NC 28173

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Long-Term investment with a projected -9.69% first-year return on $77,742 initial cash invested.

-9.69%

Cash On Cash

4.3%

Cap Rate

0.72

DSCR

$2,131

Rent

-$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,131 income − $2,759 expenses = $628 out of pocket

Income$2,131Out of Pocket$628Mortgage P&I$1,84887%Property Taxes$22411%Insurance$1326%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,742

Downpayment

20%

$74,040

Closing costs

1%

$3,702

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,131

Total Expenses

$2,759

Mortgage P&I

87%

$1,848

Property Taxes

11%

$224

Home Insurance

6%

$132

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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