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$3,104 (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 Long-Term investment with a projected -23.58% first-year return on $280k initial cash invested.

-23.58%

Cash On Cash

1.16%

Cap Rate

0.19

DSCR

$3,104

Rent

-$5,497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,104 income − $8,601 expenses = $5,497 out of pocket

Income$3,104Out of Pocket$5,497Mortgage P&I$6,629214%Property Taxes$50116%Insurance$51617%HOA$1495%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$1332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$280k

Downpayment

20%

$266k

Closing costs

1%

$13,323

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,104

Total Expenses

$8,601

Mortgage P&I

214%

$6,629

Property Taxes

16%

$501

Home Insurance

17%

$516

HOA

5%

$149

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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