REI Lense

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$1,869 (target)

823 N Laurel St, Lincolnton, NC 28092

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Long-Term investment with a projected -4.85% first-year return on $56,196 initial cash invested.

-4.85%

Cash On Cash

5.33%

Cap Rate

0.9

DSCR

$1,869

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,869 income − $2,096 expenses = $227 out of pocket

Income$1,869Out of Pocket$227Mortgage P&I$1,32271%Property Taxes$1779%Insurance$1126%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,196

Downpayment

20%

$53,520

Closing costs

1%

$2,676

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,869

Total Expenses

$2,096

Mortgage P&I

71%

$1,322

Property Taxes

9%

$177

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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