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This property might be a fair Long-Term investment with a projected 5.52% first-year return on $113k initial cash invested.
5.52%
Cash On Cash
7.58%
Cap Rate
1.29
DSCR
$4,880
Rent
$522
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,880
Total Expenses
$4,358
Mortgage P&I
54%
$2,644
Property Taxes
5%
$256
Home Insurance
4%
$189
HOA
0%
$0
Property Management
10%
$488
CapEx
5%
$244
Vacancy
6%
$293
Maintenance
5%
$244
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
806 3rd Ave SW, Unit Main, Conover, NC 28613 | $1,100 | 2 | 1 | 822 | 1.2 mi |
109 W 20th St, Newton, NC 28658 | $1,095 | 2 | 1 | 888 | 0.5 mi |
804 3rd Ave SW, Conover, NC 28613 | $1,100 | 2 | 1 | 822 | 1.2 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY