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This property looks like a bad Long-Term investment with a projected -9.93% first-year return on $62,832 initial cash invested.
-9.93%
Cash On Cash
4.13%
Cap Rate
0.7
DSCR
$1,740
Rent
-$520
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,832
Downpayment
20%
$59,840
Closing costs
1%
$2,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,740
Total Expenses
$2,260
Mortgage P&I
84%
$1,462
Property Taxes
14%
$239
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2538 Terra Dr, Gastonia, NC 28054 | $1,599 | 3 | 2 | 1193 | 0 mi |
2425 Saluda Dr, Gastonia, NC 28054 | $1,699 | 3 | 2 | 1164 | 0.1 mi |
2448 Saluda Dr, Gastonia, NC 28054 | $1,550 | 3 | 2 | 1120 | 0 mi |
1235 Bradford Heights Rd, Gastonia, NC 28054 | $1,650 | 3 | 2 | 1062 | 0.5 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality