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$2,672 (target)

590 Cranberry Street, Newland, NC 28657

3 beds • 2 baths • 1247 sqft

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This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $89,922 initial cash invested.

-7.58%

Cash On Cash

4.98%

Cap Rate

0.8

DSCR

$2,672

Rent

-$568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,672 income − $3,240 expenses = $568 out of pocket

Income$2,672Out of Pocket$568Mortgage P&I$2,21283%Property Taxes$1726%Insurance$1616%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,922

Downpayment

20%

$85,640

Closing costs

1%

$4,282

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,672

Total Expenses

$3,240

Mortgage P&I

83%

$2,212

Property Taxes

6%

$172

Home Insurance

6%

$161

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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