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$3,798 (target)

31 Enochs Way, Fletcher, NC 28732

3 beds • 2 baths • 1843 sqft

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This property might be a fair Mid-Term investment with a projected 1.23% first-year return on $106k initial cash invested.

1.23%

Cash On Cash

6.68%

Cap Rate

1.13

DSCR

$3,798

Rent

$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,798 income − $3,689 expenses = $109 cash flow

Income$3,798Mortgage P&I$2,08155%Property Taxes$1424%Insurance$1494%HOA$251%Management$45612%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41811%Cash Flow$109

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,180

Closing costs

1%

$4,209

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,798

Total Expenses

$3,689

Mortgage P&I

55%

$2,081

Property Taxes

4%

$142

Home Insurance

4%

$149

HOA

1%

$25

Property Management

12%

$456

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$418

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