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224 Herndon Chapel Church Ln, Lincolnton, NC 28092
3 beds • 2 baths • 1088 sqft
$248,600
View on ZillowThis property might be a fair Mid-Term investment with a projected 2.65% first-year return on $70,206 initial cash invested.
2.65%
Cash On Cash
6.98%
Cap Rate
1.21
DSCR
$2,390
Rent
$155
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
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Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,206
Downpayment
20%
$49,720
Closing costs
1%
$2,486
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,390
Total Expenses
$2,235
Mortgage P&I
50%
$1,194
Property Taxes
5%
$131
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263