REI Lense

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$3,225 (target)

5110 Turtle Creek Dr, Denver, NC 28037

3 beds • 2 baths • 1674 sqft

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This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $103k initial cash invested.

-5.36%

Cash On Cash

5%

Cap Rate

0.84

DSCR

$3,225

Rent

-$459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,225 income − $3,684 expenses = $459 out of pocket

Income$3,225Out of Pocket$459Mortgage P&I$2,01262%Property Taxes$2066%Insurance$1495%HOA$2207%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,700

Closing costs

1%

$4,035

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,225

Total Expenses

$3,684

Mortgage P&I

62%

$2,012

Property Taxes

6%

$206

Home Insurance

5%

$149

HOA

7%

$220

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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