REI Lense

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$2,572 (target)

8583 Safflower Way NE, Leland, NC 28451

3 beds • 3 baths • 2442 sqft

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This property looks like a bad Long-Term investment with a projected -19.26% first-year return on $154k initial cash invested.

-19.26%

Cash On Cash

2.14%

Cap Rate

0.36

DSCR

$2,572

Rent

-$2,475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,572 income − $5,047 expenses = $2,475 out of pocket

Income$2,572Out of Pocket$2,475Mortgage P&I$3,658142%Property Taxes$2138%Insurance$24810%HOA$25910%Management$25710%CapEx$1295%Vacancy$1546%Maintenance$1295%

Investment Breakdown

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Purchase Price

$734k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$147k

Closing costs

1%

$7,343

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,572

Total Expenses

$5,047

Mortgage P&I

142%

$3,658

Property Taxes

8%

$213

Home Insurance

10%

$248

HOA

10%

$259

Property Management

10%

$257

CapEx

5%

$129

Vacancy

6%

$154

Maintenance

5%

$129

Other

0%

$0

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