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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 Long-Term investment with a projected -9.3% first-year return on $73,584 initial cash invested.

-9.3%

Cash On Cash

4.32%

Cap Rate

0.73

DSCR

$2,045

Rent

-$570

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

$73,584

Downpayment

20%

$70,080

Closing costs

1%

$3,504

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$2,615

Mortgage P&I

85%

$1,730

Property Taxes

11%

$232

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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