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$1,676 (target)

823 Flint Dr, Statesville, NC 28677

3 beds • 2 baths • 1584 sqft

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This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $50,589 initial cash invested.

-5.86%

Cash On Cash

5.76%

Cap Rate

0.88

DSCR

$1,676

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,676 income − $1,923 expenses = $247 out of pocket

Income$1,676Out of Pocket$247Mortgage P&I$1,32079%Property Taxes$805%Insurance$865%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,589

Downpayment

20%

$48,180

Closing costs

1%

$2,409

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,676

Total Expenses

$1,923

Mortgage P&I

79%

$1,320

Property Taxes

5%

$80

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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