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$3,944 (target)

6149 N Shore Dr, Nebo, NC 28761

3 beds • 2 baths • 2250 sqft

$1,499,000

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This property looks like a bad Mid-Term investment with a projected -20.57% first-year return on $333k initial cash invested.

-20.57%

Cash On Cash

1.49%

Cap Rate

0.25

DSCR

$3,944

Rent

-$5,704

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,944 income − $9,648 expenses = $5,704 out of pocket

Income$3,944Out of Pocket$5,704Mortgage P&I$7,408188%Property Taxes$3729%Insurance$52513%HOA$2Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%

Investment Breakdown

|

Purchase Price

$1499k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$14,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,944

Total Expenses

$9,648

Mortgage P&I

188%

$7,408

Property Taxes

9%

$372

Home Insurance

13%

$525

HOA

0%

$2

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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