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$2,326 (target)

2115 Newton Dr, Statesville, NC 28677

3 beds • 2 baths • 2190 sqft

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This property might be a fair Mid-Term investment with a projected 1.75% first-year return on $69,345 initial cash invested.

1.75%

Cash On Cash

7.4%

Cap Rate

1.15

DSCR

$2,326

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,326 income − $2,225 expenses = $101 cash flow

Income$2,326Mortgage P&I$1,31456%Property Taxes$331%Insurance$874%Management$27912%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%Cash Flow$101

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,345

Downpayment

20%

$48,900

Closing costs

1%

$2,445

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,326

Total Expenses

$2,225

Mortgage P&I

56%

$1,314

Property Taxes

1%

$33

Home Insurance

4%

$87

HOA

0%

$0

Property Management

12%

$279

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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