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$2,787 (target)

1204 Piper Ct, Hope Mills, NC 28348

3 beds • 3 baths • 1610 sqft

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This property might be a fair Mid-Term investment with a projected 2.79% first-year return on $76,233 initial cash invested.

2.79%

Cash On Cash

7.27%

Cap Rate

1.21

DSCR

$2,787

Rent

$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,787 income − $2,610 expenses = $177 cash flow

Income$2,787Mortgage P&I$1,39250%Property Taxes$1636%Insurance$984%HOA$10Management$33412%CapEx$1114%Vacancy$843%Maintenance$1114%Other$30711%Cash Flow$177

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,233

Downpayment

20%

$55,460

Closing costs

1%

$2,773

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,787

Total Expenses

$2,610

Mortgage P&I

50%

$1,392

Property Taxes

6%

$163

Home Insurance

4%

$98

HOA

0%

$10

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$84

Maintenance

4%

$111

Other

11%

$307

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