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$2,385 (target)

144 Wooten Farm Rd, Statesville, NC 28625

3 beds • 2 baths • 1490 sqft

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This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $104k initial cash invested.

-7.1%

Cash On Cash

4.4%

Cap Rate

0.74

DSCR

$2,385

Rent

-$616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $3,001 expenses = $616 out of pocket

Income$2,385Out of Pocket$616Mortgage P&I$2,02585%Property Taxes$221%Insurance$1446%Management$28612%CapEx$954%Vacancy$723%Maintenance$954%Other$26211%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,385

Total Expenses

$3,001

Mortgage P&I

85%

$2,025

Property Taxes

1%

$22

Home Insurance

6%

$144

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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