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104 Castle Pines Ln, Statesville, NC 28625

3 beds • 2 baths • 1579 sqft

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This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $74,067 initial cash invested.

-10.79%

Cash On Cash

3.92%

Cap Rate

0.67

DSCR

$1,867

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,067

Downpayment

20%

$70,540

Closing costs

1%

$3,527

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,867

Total Expenses

$2,533

Mortgage P&I

92%

$1,725

Property Taxes

8%

$152

Home Insurance

7%

$128

HOA

2%

$43

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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