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$4,755 (target)

184 High Lake Dr, Statesville, NC 28677

3 beds • 4 baths • 3867 sqft

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This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $171k initial cash invested.

-9.2%

Cash On Cash

4.48%

Cap Rate

0.71

DSCR

$4,755

Rent

-$1,311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,755 income − $6,066 expenses = $1,311 out of pocket

Income$4,755Out of Pocket$1,311Mortgage P&I$3,84081%Property Taxes$2886%Insurance$2615%HOA$601%Management$57112%CapEx$1904%Vacancy$1433%Maintenance$1904%Other$52311%

Investment Breakdown

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Purchase Price

$729k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,290

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,755

Total Expenses

$6,066

Mortgage P&I

81%

$3,840

Property Taxes

6%

$288

Home Insurance

5%

$261

HOA

1%

$60

Property Management

12%

$571

CapEx

4%

$190

Vacancy

3%

$143

Maintenance

4%

$190

Other

11%

$523

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