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245 Mellon Rd, Belmont, NC 28012

3 beds • 2 baths • 1317 sqft

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This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $91,584 initial cash invested.

-0.77%

Cash On Cash

6.14%

Cap Rate

1.04

DSCR

$3,068

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,584

Downpayment

20%

$70,080

Closing costs

1%

$3,504

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$3,127

Mortgage P&I

56%

$1,730

Property Taxes

8%

$232

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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