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$4,812 (target)

3 Rodney Ct, Flat Rock, NC 28731

3 beds • 5 baths • 3299 sqft

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This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $184k initial cash invested.

-9.07%

Cash On Cash

4.23%

Cap Rate

0.7

DSCR

$4,812

Rent

-$1,393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,812 income − $6,205 expenses = $1,393 out of pocket

Income$4,812Out of Pocket$1,393Mortgage P&I$3,98983%Property Taxes$2385%Insurance$2906%HOA$541%Management$57712%CapEx$1924%Vacancy$1443%Maintenance$1924%Other$52911%

Investment Breakdown

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Purchase Price

$792k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$158k

Closing costs

1%

$7,915

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,812

Total Expenses

$6,205

Mortgage P&I

83%

$3,989

Property Taxes

5%

$238

Home Insurance

6%

$290

HOA

1%

$54

Property Management

12%

$577

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$529

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