REI Lense

REI Lense

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$3,030 (target)

9801 Deer Spring Ln, Charlotte, NC 28210

3 beds • 3 baths • 2107 sqft

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This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $122k initial cash invested.

-12.15%

Cash On Cash

3.75%

Cap Rate

0.63

DSCR

$3,030

Rent

-$1,231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,030 income − $4,261 expenses = $1,231 out of pocket

Income$3,030Out of Pocket$1,231Mortgage P&I$2,88995%Property Taxes$33711%Insurance$2087%HOA$381%Management$30310%CapEx$1525%Vacancy$1826%Maintenance$1525%

Investment Breakdown

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Purchase Price

$579k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,030

Total Expenses

$4,261

Mortgage P&I

95%

$2,889

Property Taxes

11%

$337

Home Insurance

7%

$208

HOA

1%

$38

Property Management

10%

$303

CapEx

5%

$152

Vacancy

6%

$182

Maintenance

5%

$152

Other

0%

$0

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