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$2,462 (target)

147 Ridgeland Dr, Rutherfordton, NC 28139

3 beds • 2 baths • 1649 sqft

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This property looks like a bad Mid-Term investment with a projected -5.15% first-year return on $82,281 initial cash invested.

-5.15%

Cash On Cash

5.62%

Cap Rate

0.85

DSCR

$2,462

Rent

-$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $2,815 expenses = $353 out of pocket

Income$2,462Out of Pocket$353Mortgage P&I$1,68969%Property Taxes$1767%Insurance$1145%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,281

Downpayment

20%

$61,220

Closing costs

1%

$3,061

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,815

Mortgage P&I

69%

$1,689

Property Taxes

7%

$176

Home Insurance

5%

$114

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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