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$2,586 (target)

307 Austin St, Albemarle, NC 28001

3 beds • 2 baths • 1232 sqft

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This property might be a fair Mid-Term investment with a projected 3.91% first-year return on $70,899 initial cash invested.

3.91%

Cash On Cash

7.49%

Cap Rate

1.27

DSCR

$2,586

Rent

$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,586 income − $2,355 expenses = $231 cash flow

Income$2,586Mortgage P&I$1,23848%Property Taxes$1506%Insurance$893%Management$31012%CapEx$1034%Vacancy$783%Maintenance$1034%Other$28411%Cash Flow$231

Investment Breakdown

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Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,899

Downpayment

20%

$50,380

Closing costs

1%

$2,519

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,586

Total Expenses

$2,355

Mortgage P&I

48%

$1,238

Property Taxes

6%

$150

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$78

Maintenance

4%

$103

Other

11%

$284

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