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$2,888 (target)

27 Walnut Dr, Mills River, NC 28759

3 beds • 4 baths • 2124 sqft

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This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $130k initial cash invested.

-12.74%

Cash On Cash

3.65%

Cap Rate

0.6

DSCR

$2,888

Rent

-$1,378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,888 income − $4,266 expenses = $1,378 out of pocket

Income$2,888Out of Pocket$1,378Mortgage P&I$3,111108%Property Taxes$1816%Insurance$2248%Management$28910%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$618k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$124k

Closing costs

1%

$6,179

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,888

Total Expenses

$4,266

Mortgage P&I

108%

$3,111

Property Taxes

6%

$181

Home Insurance

8%

$224

HOA

0%

$0

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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