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$3,990 (target)

5515 Cedar Cove Way, Lenoir, NC 28645

3 beds • 3 baths • 2335 sqft

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This property looks like a bad Mid-Term investment with a projected -17.47% first-year return on $207k initial cash invested.

-17.47%

Cash On Cash

2.45%

Cap Rate

0.39

DSCR

$3,990

Rent

-$3,013

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,990 income − $7,003 expenses = $3,013 out of pocket

Income$3,990Out of Pocket$3,013Mortgage P&I$4,691118%Property Taxes$38610%Insurance$3158%HOA$2536%Management$47912%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$43911%

Investment Breakdown

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Purchase Price

$900k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$8,999

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,990

Total Expenses

$7,003

Mortgage P&I

118%

$4,691

Property Taxes

10%

$386

Home Insurance

8%

$315

HOA

6%

$253

Property Management

12%

$479

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$439

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