REI Lense

REI Lense

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$1,426 (target)

870 McRee Rd, Lincolnton, NC 28092

3 beds • 3 baths • 3246 sqft

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This property looks like a bad Long-Term investment with a projected -23.34% first-year return on $137k initial cash invested.

-23.34%

Cash On Cash

1.16%

Cap Rate

0.2

DSCR

$1,426

Rent

-$2,655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,426 income − $4,081 expenses = $2,655 out of pocket

Income$1,426Out of Pocket$2,655Mortgage P&I$3,214225%Property Taxes$26819%Insurance$22816%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%

Investment Breakdown

|

Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,426

Total Expenses

$4,081

Mortgage P&I

225%

$3,214

Property Taxes

19%

$268

Home Insurance

16%

$228

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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