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1970 N State Highway 16 Business Hwy, Denver, NC 28037
3 beds • 3 baths • 1500 sqft
$549,900
View on ZillowThis property looks like a bad Mid-Term investment with a projected -10.93% first-year return on $133k initial cash invested.
-10.93%
Cash On Cash
3.76%
Cap Rate
0.61
DSCR
$2,984
Rent
-$1,216
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,984 income − $4,200 expenses = $1,216 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,984
Total Expenses
$4,200
Mortgage P&I
95%
$2,821
Property Taxes
6%
$173
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328