REI Lense

REI Lense

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$1,750 (target)

408 S Jackson Ave, Waxhaw, NC 28173

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $73,290 initial cash invested.

-12.03%

Cash On Cash

3.79%

Cap Rate

0.63

DSCR

$1,750

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $2,485 expenses = $735 out of pocket

Income$1,750Out of Pocket$735Mortgage P&I$1,750100%Property Taxes$1579%Insurance$1227%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$2,485

Mortgage P&I

100%

$1,750

Property Taxes

9%

$157

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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