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$8,002 (target)

1185 Black Bear Dr, Mars Hill, NC 28754

3 beds • 3 baths • 4616 sqft

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This property might be a fair Mid-Term investment with a projected 1.99% first-year return on $191k initial cash invested.

1.99%

Cash On Cash

7.01%

Cap Rate

1.15

DSCR

$8,002

Rent

$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,002 income − $7,685 expenses = $317 cash flow

Income$8,002Mortgage P&I$4,18552%Property Taxes$3444%Insurance$2894%HOA$1472%Management$96012%CapEx$3204%Vacancy$2403%Maintenance$3204%Other$88011%Cash Flow$317

Investment Breakdown

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Purchase Price

$825k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$165k

Closing costs

1%

$8,250

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$8,002

Total Expenses

$7,685

Mortgage P&I

52%

$4,185

Property Taxes

4%

$344

Home Insurance

4%

$289

HOA

2%

$147

Property Management

12%

$960

CapEx

4%

$320

Vacancy

3%

$240

Maintenance

4%

$320

Other

11%

$880

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