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$3,604 (target)

2551 Eagle Dr NE, Conover, NC 28613

3 beds • 3 baths • 2902 sqft

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This property looks like a bad Mid-Term investment with a projected -14.09% first-year return on $177k initial cash invested.

-14.09%

Cash On Cash

2.91%

Cap Rate

0.49

DSCR

$3,604

Rent

-$2,073

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,604 income − $5,677 expenses = $2,073 out of pocket

Income$3,604Out of Pocket$2,073Mortgage P&I$3,758104%Property Taxes$37510%Insurance$2768%HOA$441%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$755k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$177k

Downpayment

20%

$151k

Closing costs

1%

$7,549

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,604

Total Expenses

$5,677

Mortgage P&I

104%

$3,758

Property Taxes

10%

$375

Home Insurance

8%

$276

HOA

1%

$44

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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