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2030 S Point Rd, Belmont, NC 28012

3 beds • 2 baths • 1871 sqft

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This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $99,606 initial cash invested.

-1.75%

Cash On Cash

5.87%

Cap Rate

0.99

DSCR

$3,222

Rent

-$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,606

Downpayment

20%

$77,720

Closing costs

1%

$3,886

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,222

Total Expenses

$3,367

Mortgage P&I

60%

$1,918

Property Taxes

6%

$204

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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