REI Lense

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$1,707 (target)

641 Johns Ln, Gastonia, NC 28052

3 beds • 2 baths • 1065 sqft

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This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $55,209 initial cash invested.

-7.11%

Cash On Cash

4.88%

Cap Rate

0.82

DSCR

$1,707

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,707 income − $2,034 expenses = $327 out of pocket

Income$1,707Out of Pocket$327Mortgage P&I$1,31177%Property Taxes$18711%Insurance$935%Management$17110%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,209

Downpayment

20%

$52,580

Closing costs

1%

$2,629

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,707

Total Expenses

$2,034

Mortgage P&I

77%

$1,311

Property Taxes

11%

$187

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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