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$3,774 (target)

184 Canal Rd, Belmont, NC 28012

3 beds • 2 baths • 2333 sqft

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This property might be a fair Mid-Term investment with a projected 3.31% first-year return on $98,682 initial cash invested.

3.31%

Cash On Cash

7.33%

Cap Rate

1.22

DSCR

$3,774

Rent

$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,774 income − $3,502 expenses = $272 cash flow

Income$3,774Mortgage P&I$1,92351%Property Taxes$1584%Insurance$1384%Management$45312%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41511%Cash Flow$272

Investment Breakdown

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Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,682

Downpayment

20%

$76,840

Closing costs

1%

$3,842

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,774

Total Expenses

$3,502

Mortgage P&I

51%

$1,923

Property Taxes

4%

$158

Home Insurance

4%

$138

HOA

0%

$0

Property Management

12%

$453

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$415

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