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$4,100 (target)

119 E Altoona St, Nags Head, NC 27959

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Mid-Term investment with a projected -15.2% first-year return on $226k initial cash invested.

-15.2%

Cash On Cash

2.84%

Cap Rate

0.46

DSCR

$4,100

Rent

-$2,858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,100 income − $6,958 expenses = $2,858 out of pocket

Income$4,100Out of Pocket$2,858Mortgage P&I$5,032123%Property Taxes$1865%Insurance$3468%Management$49212%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45111%

Investment Breakdown

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Purchase Price

$989k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$226k

Downpayment

20%

$198k

Closing costs

1%

$9,890

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,100

Total Expenses

$6,958

Mortgage P&I

123%

$5,032

Property Taxes

5%

$186

Home Insurance

8%

$346

HOA

0%

$0

Property Management

12%

$492

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$451

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