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$2,643 (target)

2233 Sir Michael Dr, Hope Mills, NC 28348

3 beds • 2 baths • 1615 sqft

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This property might be a fair Mid-Term investment with a projected 1.44% first-year return on $72,327 initial cash invested.

1.44%

Cash On Cash

6.91%

Cap Rate

1.15

DSCR

$2,643

Rent

$87

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,643 income − $2,556 expenses = $87 cash flow

Income$2,643Mortgage P&I$1,29749%Property Taxes$26910%Insurance$913%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$87

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,327

Downpayment

20%

$51,740

Closing costs

1%

$2,587

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,643

Total Expenses

$2,556

Mortgage P&I

49%

$1,297

Property Taxes

10%

$269

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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