REI Lense

REI Lense

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$2,337 (target)

423 Rambling Dr, Hendersonville, NC 28739

3 beds • 2 baths • 1629 sqft

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This property looks like a bad Long-Term investment with a projected -7.97% first-year return on $83,139 initial cash invested.

-7.97%

Cash On Cash

4.7%

Cap Rate

0.78

DSCR

$2,337

Rent

-$552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,337 income − $2,889 expenses = $552 out of pocket

Income$2,337Out of Pocket$552Mortgage P&I$1,98785%Property Taxes$1456%Insurance$1446%HOA$5Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,139

Downpayment

20%

$79,180

Closing costs

1%

$3,959

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,337

Total Expenses

$2,889

Mortgage P&I

85%

$1,987

Property Taxes

6%

$145

Home Insurance

6%

$144

HOA

0%

$5

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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