REI Lense

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$3,036 (target)

8003 Hope Ln, Waxhaw, NC 28173

3 beds • 2 baths • 1214 sqft

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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $100k initial cash invested.

-2.39%

Cash On Cash

5.75%

Cap Rate

0.96

DSCR

$3,036

Rent

-$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,036 income − $3,235 expenses = $199 out of pocket

Income$3,036Out of Pocket$199Mortgage P&I$1,95164%Property Taxes$1134%Insurance$1405%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%

Investment Breakdown

|

Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,200

Closing costs

1%

$3,910

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,036

Total Expenses

$3,235

Mortgage P&I

64%

$1,951

Property Taxes

4%

$113

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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