REI Lense

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$2,164 (target)

3888 Summerow Rd, Maiden, NC 28650

3 beds • 3 baths • 1609 sqft

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This property looks like a bad Long-Term investment with a projected -2.11% first-year return on $61,929 initial cash invested.

-2.11%

Cash On Cash

5.97%

Cap Rate

1

DSCR

$2,164

Rent

-$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $2,273 expenses = $109 out of pocket

Income$2,164Out of Pocket$109Mortgage P&I$1,46868%Property Taxes$1406%Insurance$1035%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,929

Downpayment

20%

$58,980

Closing costs

1%

$2,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,164

Total Expenses

$2,273

Mortgage P&I

68%

$1,468

Property Taxes

6%

$140

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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