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207 W Academy St, Cherryville, NC 28021

3 beds • 3 baths • 2890 sqft

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This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $67,557 initial cash invested.

-18.83%

Cash On Cash

2.18%

Cap Rate

0.37

DSCR

$1,416

Rent

-$1,060

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,557

Downpayment

20%

$64,340

Closing costs

1%

$3,217

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,416

Total Expenses

$2,476

Mortgage P&I

111%

$1,574

Property Taxes

24%

$341

Home Insurance

14%

$192

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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