REI Lense

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$1,741 (target)

704 Morningside Dr, Mount Holly, NC 28120

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $68,376 initial cash invested.

-9.46%

Cash On Cash

4.35%

Cap Rate

0.72

DSCR

$1,741

Rent

-$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,741 income − $2,280 expenses = $539 out of pocket

Income$1,741Out of Pocket$539Mortgage P&I$1,63194%Property Taxes$805%Insurance$1177%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,376

Downpayment

20%

$65,120

Closing costs

1%

$3,256

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,741

Total Expenses

$2,280

Mortgage P&I

94%

$1,631

Property Taxes

5%

$80

Home Insurance

7%

$117

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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