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$2,583 (target)

306 Starmount Dr, Statesville, NC 28677

3 beds • 2 baths • 1802 sqft

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This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $95,343 initial cash invested.

-8.89%

Cash On Cash

4.7%

Cap Rate

0.71

DSCR

$2,583

Rent

-$706

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,583 income − $3,289 expenses = $706 out of pocket

Income$2,583Out of Pocket$706Mortgage P&I$2,04579%Property Taxes$2369%Insurance$1315%Management$31012%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28411%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,343

Downpayment

20%

$73,660

Closing costs

1%

$3,683

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,583

Total Expenses

$3,289

Mortgage P&I

79%

$2,045

Property Taxes

9%

$236

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$284

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