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183 Falling Creek Dr, Statesville, NC 28625

3 beds • 2 baths • 1628 sqft

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This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $91,857 initial cash invested.

-1.29%

Cash On Cash

5.89%

Cap Rate

1.01

DSCR

$2,836

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,857

Downpayment

20%

$70,340

Closing costs

1%

$3,517

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$2,935

Mortgage P&I

60%

$1,713

Property Taxes

4%

$123

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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