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$3,170 (target)

246 Puncheon Ln, Mars Hill, NC 28754

3 beds • 2 baths • 2662 sqft

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This property looks like a bad Mid-Term investment with a projected -16.52% first-year return on $170k initial cash invested.

-16.52%

Cash On Cash

2.6%

Cap Rate

0.41

DSCR

$3,170

Rent

-$2,343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,170 income − $5,513 expenses = $2,343 out of pocket

Income$3,170Out of Pocket$2,343Mortgage P&I$3,785119%Property Taxes$1886%Insurance$2548%HOA$2087%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,249

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,170

Total Expenses

$5,513

Mortgage P&I

119%

$3,785

Property Taxes

6%

$188

Home Insurance

8%

$254

HOA

7%

$208

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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