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$2,444 (target)

210 E 6th St, Cherryville, NC 28021

3 beds • 2 baths • 1133 sqft

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This property might be a fair Mid-Term investment with a projected 0.62% first-year return on $71,739 initial cash invested.

0.62%

Cash On Cash

6.62%

Cap Rate

1.11

DSCR

$2,444

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,444 income − $2,407 expenses = $37 cash flow

Income$2,444Mortgage P&I$1,27752%Property Taxes$2109%Insurance$894%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%Cash Flow$37

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,739

Downpayment

20%

$51,180

Closing costs

1%

$2,559

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,444

Total Expenses

$2,407

Mortgage P&I

52%

$1,277

Property Taxes

9%

$210

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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