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$2,982 (target)

212 Turner Rd, Rutherfordton, NC 28139

3 beds • 2 baths • 2118 sqft

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This property looks like a bad Mid-Term investment with a projected -10.99% first-year return on $120k initial cash invested.

-10.99%

Cash On Cash

3.61%

Cap Rate

0.6

DSCR

$2,982

Rent

-$1,095

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,982 income − $4,077 expenses = $1,095 out of pocket

Income$2,982Out of Pocket$1,095Mortgage P&I$2,43282%Property Taxes$38413%Insurance$2488%Management$35812%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$484k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,700

Closing costs

1%

$4,835

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,982

Total Expenses

$4,077

Mortgage P&I

82%

$2,432

Property Taxes

13%

$384

Home Insurance

8%

$248

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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