REI Lense

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$3,249 (target)

69 Fryling Ave SW, Concord, NC 28025

3 beds • 2 baths • 1354 sqft

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This property might be a fair Mid-Term investment with a projected 4.62% first-year return on $81,378 initial cash invested.

4.62%

Cash On Cash

7.85%

Cap Rate

1.29

DSCR

$3,249

Rent

$313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,249 income − $2,936 expenses = $313 cash flow

Income$3,249Mortgage P&I$1,53147%Property Taxes$1846%Insurance$1174%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%Cash Flow$313

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,378

Downpayment

20%

$60,360

Closing costs

1%

$3,018

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,249

Total Expenses

$2,936

Mortgage P&I

47%

$1,531

Property Taxes

6%

$184

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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