REI Lense

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$2,726 (target)

704 Lancaster Ave, Monroe, NC 28112

3 beds • 2 baths • 2380 sqft

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This property looks like a bad Mid-Term investment with a projected -5.6% first-year return on $96,372 initial cash invested.

-5.6%

Cash On Cash

4.91%

Cap Rate

0.82

DSCR

$2,726

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,726 income − $3,176 expenses = $450 out of pocket

Income$2,726Out of Pocket$450Mortgage P&I$1,86768%Property Taxes$2479%Insurance$1355%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%

Investment Breakdown

|

Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,372

Downpayment

20%

$74,640

Closing costs

1%

$3,732

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,726

Total Expenses

$3,176

Mortgage P&I

68%

$1,867

Property Taxes

9%

$247

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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