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$2,674 (target)

170 Scotts Creek Rd, Statesville, NC 28625

3 beds • 2 baths • 1521 sqft

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This property might be a fair Mid-Term investment with a projected 1.55% first-year return on $78,207 initial cash invested.

1.55%

Cash On Cash

6.88%

Cap Rate

1.14

DSCR

$2,674

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,674 income − $2,573 expenses = $101 cash flow

Income$2,674Mortgage P&I$1,43554%Property Taxes$1255%Insurance$1044%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%Cash Flow$101

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,207

Downpayment

20%

$57,340

Closing costs

1%

$2,867

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$2,573

Mortgage P&I

54%

$1,435

Property Taxes

5%

$125

Home Insurance

4%

$104

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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