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$2,442 (target)

201 Black Rock School Rd, Cherryville, NC 28021

3 beds • 2 baths • 1433 sqft

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This property might be a fair Mid-Term investment with a projected 0.63% first-year return on $72,894 initial cash invested.

0.63%

Cash On Cash

6.62%

Cap Rate

1.1

DSCR

$2,442

Rent

$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,442 income − $2,404 expenses = $38 cash flow

Income$2,442Mortgage P&I$1,30653%Property Taxes$1747%Insurance$934%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%Cash Flow$38

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,894

Downpayment

20%

$52,280

Closing costs

1%

$2,614

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,442

Total Expenses

$2,404

Mortgage P&I

53%

$1,306

Property Taxes

7%

$174

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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