REI Lense

REI Lense

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$4,208 (target)

5882 Harmony Grove Rd, Nebo, NC 28761

3 beds • 3 baths • 2574 sqft

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This property might be a fair Long-Term investment with a projected 4.76% first-year return on $102k initial cash invested.

4.76%

Cash On Cash

7.5%

Cap Rate

1.25

DSCR

$4,208

Rent

$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,208 income − $3,804 expenses = $404 cash flow

Income$4,208Mortgage P&I$2,41757%Property Taxes$1193%Insurance$1754%Management$42110%CapEx$2105%Vacancy$2526%Maintenance$2105%Cash Flow$404

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$96,960

Closing costs

1%

$4,848

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,208

Total Expenses

$3,804

Mortgage P&I

57%

$2,417

Property Taxes

3%

$119

Home Insurance

4%

$175

HOA

0%

$0

Property Management

10%

$421

CapEx

5%

$210

Vacancy

6%

$252

Maintenance

5%

$210

Other

0%

$0

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