REI Lense

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$2,139 (target)

870 McRee Rd, Lincolnton, NC 28092

3 beds • 3 baths • 3246 sqft

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This property looks like a bad Mid-Term investment with a projected -17.86% first-year return on $155k initial cash invested.

-17.86%

Cash On Cash

1.85%

Cap Rate

0.31

DSCR

$2,139

Rent

-$2,299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,139 income − $4,438 expenses = $2,299 out of pocket

Income$2,139Out of Pocket$2,299Mortgage P&I$3,214150%Property Taxes$26813%Insurance$22811%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23511%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,139

Total Expenses

$4,438

Mortgage P&I

150%

$3,214

Property Taxes

13%

$268

Home Insurance

11%

$228

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$235

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