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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 Long-Term investment with a projected -10.01% first-year return on $81,606 initial cash invested.

-10.01%

Cash On Cash

4.15%

Cap Rate

0.7

DSCR

$2,148

Rent

-$681

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

$81,606

Downpayment

20%

$77,720

Closing costs

1%

$3,886

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,148

Total Expenses

$2,829

Mortgage P&I

89%

$1,918

Property Taxes

10%

$204

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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