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$2,296 (target)

175 Scruggs Rd, Forest City, NC 28043

3 beds • 2 baths • 1411 sqft

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This property might be a fair Mid-Term investment with a projected 5.16% first-year return on $58,782 initial cash invested.

5.16%

Cash On Cash

8.27%

Cap Rate

1.35

DSCR

$2,296

Rent

$253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,296 income − $2,043 expenses = $253 cash flow

Income$2,296Mortgage P&I$99443%Property Taxes$1627%Insurance$1055%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$253

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,782

Downpayment

20%

$38,840

Closing costs

1%

$1,942

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,296

Total Expenses

$2,043

Mortgage P&I

43%

$994

Property Taxes

7%

$162

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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