REI Lense

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$2,388 (target)

416 E Griswold St, Selma, NC 27576

3 beds • 2 baths • 1307 sqft

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This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $75,225 initial cash invested.

-2.38%

Cash On Cash

5.72%

Cap Rate

0.96

DSCR

$2,388

Rent

-$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,388 income − $2,537 expenses = $149 out of pocket

Income$2,388Out of Pocket$149Mortgage P&I$1,35157%Property Taxes$27311%Insurance$994%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,225

Downpayment

20%

$54,500

Closing costs

1%

$2,725

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,388

Total Expenses

$2,537

Mortgage P&I

57%

$1,351

Property Taxes

11%

$273

Home Insurance

4%

$99

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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