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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 Mid-Term investment with a projected -9.9% first-year return on $85,557 initial cash invested.

-9.9%

Cash On Cash

3.55%

Cap Rate

0.61

DSCR

$2,124

Rent

-$706

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

$85,557

Downpayment

20%

$64,340

Closing costs

1%

$3,217

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,124

Total Expenses

$2,830

Mortgage P&I

74%

$1,574

Property Taxes

16%

$341

Home Insurance

9%

$192

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$234

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