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$2,050 (target)

1000 Barbee Farm Dr, Monroe, NC 28110

3 beds • 3 baths • 1981 sqft

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This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $74,340 initial cash invested.

-11.14%

Cash On Cash

4.09%

Cap Rate

0.67

DSCR

$2,050

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,050 income − $2,740 expenses = $690 out of pocket

Income$2,050Out of Pocket$690Mortgage P&I$1,79688%Property Taxes$26313%Insurance$1266%HOA$231%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,340

Downpayment

20%

$70,800

Closing costs

1%

$3,540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,050

Total Expenses

$2,740

Mortgage P&I

88%

$1,796

Property Taxes

13%

$263

Home Insurance

6%

$126

HOA

1%

$23

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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