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$1,481 (target)

24668 Saint Martin Rd, Albemarle, NC 28001

3 beds • 2 baths • 1694 sqft

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This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $62,895 initial cash invested.

-11.81%

Cash On Cash

3.96%

Cap Rate

0.64

DSCR

$1,481

Rent

-$619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,481 income − $2,100 expenses = $619 out of pocket

Income$1,481Out of Pocket$619Mortgage P&I$1,533104%Property Taxes$775%Insurance$1057%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,895

Downpayment

20%

$59,900

Closing costs

1%

$2,995

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,481

Total Expenses

$2,100

Mortgage P&I

104%

$1,533

Property Taxes

5%

$77

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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