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$3,417 (target)

21 Glen Meadows Rd, Arden, NC 28704

3 beds • 2 baths • 1190 sqft

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This property might be a fair Mid-Term investment with a projected 0.84% first-year return on $98,850 initial cash invested.

0.84%

Cash On Cash

6.64%

Cap Rate

1.11

DSCR

$3,417

Rent

$69

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,417 income − $3,348 expenses = $69 cash flow

Income$3,417Mortgage P&I$1,92556%Property Taxes$1224%Insurance$1384%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$69

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,417

Total Expenses

$3,348

Mortgage P&I

56%

$1,925

Property Taxes

4%

$122

Home Insurance

4%

$138

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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