REI Lense

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$1,830 (target)

632 Marigold Dr, Kannapolis, NC 28083

3 beds • 2 baths • 1376 sqft

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This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $65,478 initial cash invested.

-11.55%

Cash On Cash

3.91%

Cap Rate

0.65

DSCR

$1,830

Rent

-$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,830 income − $2,460 expenses = $630 out of pocket

Income$1,830Out of Pocket$630Mortgage P&I$1,55585%Property Taxes$30917%Insurance$1197%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,478

Downpayment

20%

$62,360

Closing costs

1%

$3,118

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,830

Total Expenses

$2,460

Mortgage P&I

85%

$1,555

Property Taxes

17%

$309

Home Insurance

7%

$119

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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