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$6,474 (target)

30 Cherokee Trl, Fletcher, NC 28732

3 beds • 3 baths • 3012 sqft

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This property might be a fair Mid-Term investment with a projected 2.48% first-year return on $161k initial cash invested.

2.48%

Cash On Cash

7.04%

Cap Rate

1.17

DSCR

$6,474

Rent

$333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,474 income − $6,141 expenses = $333 cash flow

Income$6,474Mortgage P&I$3,40653%Property Taxes$2263%Insurance$2624%HOA$461%Management$77712%CapEx$2594%Vacancy$1943%Maintenance$2594%Other$71211%Cash Flow$333

Investment Breakdown

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Purchase Price

$682k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,816

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,474

Total Expenses

$6,141

Mortgage P&I

53%

$3,406

Property Taxes

3%

$226

Home Insurance

4%

$262

HOA

1%

$46

Property Management

12%

$777

CapEx

4%

$259

Vacancy

3%

$194

Maintenance

4%

$259

Other

11%

$712

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