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$1,531 (target)

175 Scruggs Rd, Forest City, NC 28043

3 beds • 2 baths • 1411 sqft

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This property looks like a bad Long-Term investment with a projected -3.8% first-year return on $40,782 initial cash invested.

-3.8%

Cash On Cash

5.82%

Cap Rate

0.95

DSCR

$1,531

Rent

-$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,531 income − $1,660 expenses = $129 out of pocket

Income$1,531Out of Pocket$129Mortgage P&I$99465%Property Taxes$16211%Insurance$1057%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,782

Downpayment

20%

$38,840

Closing costs

1%

$1,942

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,531

Total Expenses

$1,660

Mortgage P&I

65%

$994

Property Taxes

11%

$162

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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