REI Lense

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$2,415 (target)

9118 S Lakebrook Rd, Charlotte, NC 28214

3 beds • 2 baths • 1414 sqft

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This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $91,498 initial cash invested.

-6.18%

Cash On Cash

4.7%

Cap Rate

0.79

DSCR

$2,415

Rent

-$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,415 income − $2,886 expenses = $471 out of pocket

Income$2,415Out of Pocket$471Mortgage P&I$1,74472%Property Taxes$1988%Insurance$1225%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,498

Downpayment

20%

$69,998

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,415

Total Expenses

$2,886

Mortgage P&I

72%

$1,744

Property Taxes

8%

$198

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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