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$2,588 (target)

183 Bevis Ln, Statesville, NC 28677

3 beds • 3 baths • 1758 sqft

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This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $95,700 initial cash invested.

-5.92%

Cash On Cash

5.43%

Cap Rate

0.82

DSCR

$2,588

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,588 income − $3,060 expenses = $472 out of pocket

Income$2,588Out of Pocket$472Mortgage P&I$2,04279%Property Taxes$6Insurance$1305%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,588

Total Expenses

$3,060

Mortgage P&I

79%

$2,042

Property Taxes

0%

$6

Home Insurance

5%

$130

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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