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$2,788 (target)

2604 Shearer Dr, Statesville, NC 28625

3 beds • 2 baths • 1854 sqft

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This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $84,990 initial cash invested.

-3.23%

Cash On Cash

6.24%

Cap Rate

0.93

DSCR

$2,788

Rent

-$229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,788 income − $3,017 expenses = $229 out of pocket

Income$2,788Out of Pocket$229Mortgage P&I$1,77764%Property Taxes$1786%Insurance$1124%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,788

Total Expenses

$3,017

Mortgage P&I

64%

$1,777

Property Taxes

6%

$178

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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