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$3,266 (target)

1514 Clarence Secrest Rd, Monroe, NC 28110

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $139k initial cash invested.

-8.93%

Cash On Cash

4.04%

Cap Rate

0.68

DSCR

$3,266

Rent

-$1,032

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,266 income − $4,298 expenses = $1,032 out of pocket

Income$3,266Out of Pocket$1,032Mortgage P&I$2,83587%Property Taxes$1515%Insurance$2016%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,266

Total Expenses

$4,298

Mortgage P&I

87%

$2,835

Property Taxes

5%

$151

Home Insurance

6%

$201

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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