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$1,416 (target)

1008 Hopedale Dr, Lenoir, NC 28645

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $47,775 initial cash invested.

-8.89%

Cash On Cash

4.94%

Cap Rate

0.77

DSCR

$1,416

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,416 income − $1,770 expenses = $354 out of pocket

Income$1,416Out of Pocket$354Mortgage P&I$1,22086%Property Taxes$997%Insurance$826%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,775

Downpayment

20%

$45,500

Closing costs

1%

$2,275

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,416

Total Expenses

$1,770

Mortgage P&I

86%

$1,220

Property Taxes

7%

$99

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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