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$3,038 (target)

931 Cornwallis Way, Lexington, SC 29073

3 beds • 2 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 7.91% first-year return on $70,353 initial cash invested.

7.91%

Cash On Cash

9.05%

Cap Rate

1.45

DSCR

$3,038

Rent

$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,038 income − $2,574 expenses = $464 cash flow

Income$3,038Mortgage P&I$1,29443%Property Taxes$1224%Insurance$883%HOA$361%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33411%Cash Flow$464

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,353

Downpayment

20%

$49,860

Closing costs

1%

$2,493

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,038

Total Expenses

$2,574

Mortgage P&I

43%

$1,294

Property Taxes

4%

$122

Home Insurance

3%

$88

HOA

1%

$36

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$334

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