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$4,656 (target)

20 Fernridge Ct, Flat Rock, NC 28731

3 beds • 4 baths • 3838 sqft

$1,332,300

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This property looks like a bad Mid-Term investment with a projected -19.03% first-year return on $298k initial cash invested.

-19.03%

Cash On Cash

1.89%

Cap Rate

0.32

DSCR

$4,656

Rent

-$4,722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,656 income − $9,378 expenses = $4,722 out of pocket

Income$4,656Out of Pocket$4,722Mortgage P&I$6,629142%Property Taxes$50111%Insurance$51611%HOA$1493%Management$55912%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51211%

Investment Breakdown

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Purchase Price

$1332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$298k

Downpayment

20%

$266k

Closing costs

1%

$13,323

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,656

Total Expenses

$9,378

Mortgage P&I

142%

$6,629

Property Taxes

11%

$501

Home Insurance

11%

$516

HOA

3%

$149

Property Management

12%

$559

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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