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$3,910 (target)

1616 Drift Falls Ln, Wendell, NC 27591

3 beds • 3 baths • 2494 sqft

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This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $112k initial cash invested.

-3.3%

Cash On Cash

5.59%

Cap Rate

0.93

DSCR

$3,910

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,910 income − $4,217 expenses = $307 out of pocket

Income$3,910Out of Pocket$307Mortgage P&I$2,23257%Property Taxes$39910%Insurance$1584%HOA$1003%Management$46912%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$43011%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,320

Closing costs

1%

$4,466

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,910

Total Expenses

$4,217

Mortgage P&I

57%

$2,232

Property Taxes

10%

$399

Home Insurance

4%

$158

HOA

3%

$100

Property Management

12%

$469

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$430

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