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$2,708 (target)

307 Meadowbrook Dr, Newton, NC 28658

3 beds • 3 baths • 1643 sqft

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This property might be a fair Mid-Term investment with a projected 4.1% first-year return on $70,479 initial cash invested.

4.1%

Cash On Cash

8.02%

Cap Rate

1.26

DSCR

$2,708

Rent

$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,708 income − $2,467 expenses = $241 cash flow

Income$2,708Mortgage P&I$1,32149%Property Taxes$1425%Insurance$843%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%Cash Flow$241

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,708

Total Expenses

$2,467

Mortgage P&I

49%

$1,321

Property Taxes

5%

$142

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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