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$1,541 (target)

502 Connelly Springs Rd SW, Lenoir, NC 28645

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $52,500 initial cash invested.

-8.37%

Cash On Cash

5.05%

Cap Rate

0.78

DSCR

$1,541

Rent

-$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,541 income − $1,907 expenses = $366 out of pocket

Income$1,541Out of Pocket$366Mortgage P&I$1,34187%Property Taxes$785%Insurance$886%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,541

Total Expenses

$1,907

Mortgage P&I

87%

$1,341

Property Taxes

5%

$78

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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