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$3,202 (target)

306 Clay St, Belmont, NC 28012

3 beds • 3 baths • 1570 sqft

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This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $124k initial cash invested.

-9.61%

Cash On Cash

3.97%

Cap Rate

0.66

DSCR

$3,202

Rent

-$996

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,202 income − $4,198 expenses = $996 out of pocket

Income$3,202Out of Pocket$996Mortgage P&I$2,54279%Property Taxes$38812%Insurance$1806%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,063

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,202

Total Expenses

$4,198

Mortgage P&I

79%

$2,542

Property Taxes

12%

$388

Home Insurance

6%

$180

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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