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$2,690 (target)

383 Lee Ave, Lexington, NC 27295

3 beds • 3 baths • 1587 sqft

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This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $95,742 initial cash invested.

-7.39%

Cash On Cash

5.12%

Cap Rate

0.77

DSCR

$2,690

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $3,280 expenses = $590 out of pocket

Income$2,690Out of Pocket$590Mortgage P&I$2,06177%Property Taxes$1726%Insurance$1315%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,742

Downpayment

20%

$74,040

Closing costs

1%

$3,702

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$3,280

Mortgage P&I

77%

$2,061

Property Taxes

6%

$172

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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