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$2,962 (target)

189 Red River Dr, Selma, NC 27576

3 beds • 3 baths • 1729 sqft

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This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $93,600 initial cash invested.

-2.44%

Cash On Cash

5.76%

Cap Rate

0.96

DSCR

$2,962

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,962 income − $3,152 expenses = $190 out of pocket

Income$2,962Out of Pocket$190Mortgage P&I$1,79961%Property Taxes$1937%Insurance$1264%HOA$281%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,962

Total Expenses

$3,152

Mortgage P&I

61%

$1,799

Property Taxes

7%

$193

Home Insurance

4%

$126

HOA

1%

$28

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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