REI Lense

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$1,785 (target)

610 Hastings Rd, Mebane, NC 27302

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -11.23% first-year return on $66,024 initial cash invested.

-11.23%

Cash On Cash

4%

Cap Rate

0.66

DSCR

$1,785

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,785 income − $2,403 expenses = $618 out of pocket

Income$1,785Out of Pocket$618Mortgage P&I$1,57788%Property Taxes$22212%Insurance$1146%HOA$272%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,024

Downpayment

20%

$62,880

Closing costs

1%

$3,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,785

Total Expenses

$2,403

Mortgage P&I

88%

$1,577

Property Taxes

12%

$222

Home Insurance

6%

$114

HOA

2%

$27

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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