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$2,355 (target)

2878 Millstone Dr, Gastonia, NC 28054

3 beds • 2 baths • 1163 sqft

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This property might be a fair Mid-Term investment with a projected 0.53% first-year return on $69,786 initial cash invested.

0.53%

Cash On Cash

6.67%

Cap Rate

1.1

DSCR

$2,355

Rent

$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,355 income − $2,324 expenses = $31 cash flow

Income$2,355Mortgage P&I$1,24653%Property Taxes$1888%Insurance$894%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$25911%Cash Flow$31

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,786

Downpayment

20%

$49,320

Closing costs

1%

$2,466

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,355

Total Expenses

$2,324

Mortgage P&I

53%

$1,246

Property Taxes

8%

$188

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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