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$3,154 (target)

1919 Ashmere Dr, Iron Station, NC 28080

3 beds • 2 baths • 2301 sqft

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This property looks like a bad Mid-Term investment with a projected -5.15% first-year return on $110k initial cash invested.

-5.15%

Cash On Cash

4.98%

Cap Rate

0.84

DSCR

$3,154

Rent

-$474

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $3,628 expenses = $474 out of pocket

Income$3,154Out of Pocket$474Mortgage P&I$2,17369%Property Taxes$2177%Insurance$1665%Management$37812%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,040

Closing costs

1%

$4,402

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,154

Total Expenses

$3,628

Mortgage P&I

69%

$2,173

Property Taxes

7%

$217

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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