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$2,397 (target)

2428 Side Ln, Conover, NC 28613

3 beds • 2 baths • 1175 sqft

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This property might be a fair Mid-Term investment with a projected 0.65% first-year return on $74,217 initial cash invested.

0.65%

Cash On Cash

6.76%

Cap Rate

1.1

DSCR

$2,397

Rent

$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $2,357 expenses = $40 cash flow

Income$2,397Mortgage P&I$1,37357%Property Taxes$723%Insurance$964%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%Cash Flow$40

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,217

Downpayment

20%

$53,540

Closing costs

1%

$2,677

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,397

Total Expenses

$2,357

Mortgage P&I

57%

$1,373

Property Taxes

3%

$72

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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