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$2,878 (target)

1659 Maple Ave, Albemarle, NC 28001

3 beds • 2 baths • 2471 sqft

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This property might be a fair Mid-Term investment with a projected 2.25% first-year return on $77,997 initial cash invested.

2.25%

Cash On Cash

7.24%

Cap Rate

1.18

DSCR

$2,878

Rent

$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,878 income − $2,732 expenses = $146 cash flow

Income$2,878Mortgage P&I$1,46251%Property Taxes$1897%Insurance$1034%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%Cash Flow$146

Investment Breakdown

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Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,997

Downpayment

20%

$57,140

Closing costs

1%

$2,857

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,878

Total Expenses

$2,732

Mortgage P&I

51%

$1,462

Property Taxes

7%

$189

Home Insurance

4%

$103

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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