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$2,810 (target)

1610 Springhaven Cir, Albemarle, NC 28001

3 beds • 2 baths • 1829 sqft

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This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $83,226 initial cash invested.

-1.54%

Cash On Cash

6.38%

Cap Rate

1

DSCR

$2,810

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,810 income − $2,917 expenses = $107 out of pocket

Income$2,810Out of Pocket$107Mortgage P&I$1,64759%Property Taxes$2047%Insurance$1124%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

|

Purchase Price

$311k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,226

Downpayment

20%

$62,120

Closing costs

1%

$3,106

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,810

Total Expenses

$2,917

Mortgage P&I

59%

$1,647

Property Taxes

7%

$204

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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