REI Lense

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$2,488 (target)

24 Midway St, Granite Falls, NC 28630

3 beds • 2 baths • 1501 sqft

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This property might be a fair Mid-Term investment with a projected 4.63% first-year return on $65,040 initial cash invested.

4.63%

Cash On Cash

8.51%

Cap Rate

1.28

DSCR

$2,488

Rent

$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $2,237 expenses = $251 cash flow

Income$2,488Mortgage P&I$1,23850%Property Taxes$733%Insurance$783%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$251

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,040

Downpayment

20%

$44,800

Closing costs

1%

$2,240

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$2,237

Mortgage P&I

50%

$1,238

Property Taxes

3%

$73

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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