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$2,424 (target)

1341 E Cannon Ave, Albemarle, NC 28001

3 beds • 2 baths • 1072 sqft

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This property might be a fair Mid-Term investment with a projected 2.53% first-year return on $66,279 initial cash invested.

2.53%

Cash On Cash

7.79%

Cap Rate

1.19

DSCR

$2,424

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $2,284 expenses = $140 cash flow

Income$2,424Mortgage P&I$1,25552%Property Taxes$1245%Insurance$803%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$140

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,424

Total Expenses

$2,284

Mortgage P&I

52%

$1,255

Property Taxes

5%

$124

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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