REI Lense

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$2,872 (target)

531 Ballard Pruitt Rd, Franklinton, NC 27525

3 beds • 3 baths • 1524 sqft

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This property could be a profitable Mid-Term investment with a projected 21.26% first-year return on $51,579 initial cash invested.

21.26%

Cash On Cash

14.15%

Cap Rate

2.2

DSCR

$2,872

Rent

$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,872 income − $1,958 expenses = $914 cash flow

Income$2,872Mortgage P&I$85730%Property Taxes$682%Insurance$562%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%Cash Flow$914

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,872

Total Expenses

$1,958

Mortgage P&I

30%

$857

Property Taxes

2%

$68

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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