REI Lense

REI Lense

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$2,516 (target)

579 Black Cherry Dr, Fairmont, WV 26554

3 beds • 3 baths • 2148 sqft

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This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $77,574 initial cash invested.

-6.61%

Cash On Cash

5.13%

Cap Rate

0.84

DSCR

$2,516

Rent

-$427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $2,943 expenses = $427 out of pocket

Income$2,516Out of Pocket$427Mortgage P&I$1,88075%Property Taxes$24310%Insurance$1355%HOA$301%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,574

Downpayment

20%

$73,880

Closing costs

1%

$3,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,516

Total Expenses

$2,943

Mortgage P&I

75%

$1,880

Property Taxes

10%

$243

Home Insurance

5%

$135

HOA

1%

$30

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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