REI Lense

REI Lense

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$1,534 (target)

3797 River Rd, Morgantown, WV 26501

3 beds • 2 baths • 1164 sqft

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This property might be a fair Long-Term investment with a projected 1.72% first-year return on $39,060 initial cash invested.

1.72%

Cash On Cash

6.91%

Cap Rate

1.14

DSCR

$1,534

Rent

$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,534 income − $1,478 expenses = $56 cash flow

Income$1,534Mortgage P&I$93861%Property Taxes$483%Insurance$936%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%Cash Flow$56

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,060

Downpayment

20%

$37,200

Closing costs

1%

$1,860

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,534

Total Expenses

$1,478

Mortgage P&I

61%

$938

Property Taxes

3%

$48

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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