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$2,056 (target)

313 Harrill Rd, Forest City, NC 28043

3 beds • 2 baths • 1216 sqft

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This property might be a fair Mid-Term investment with a projected 0.46% first-year return on $62,940 initial cash invested.

0.46%

Cash On Cash

7%

Cap Rate

1.09

DSCR

$2,056

Rent

$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,056 income − $2,032 expenses = $24 cash flow

Income$2,056Mortgage P&I$1,14256%Property Taxes$1166%Insurance$754%Management$24712%CapEx$824%Vacancy$623%Maintenance$824%Other$22611%Cash Flow$24

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,940

Downpayment

20%

$42,800

Closing costs

1%

$2,140

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,056

Total Expenses

$2,032

Mortgage P&I

56%

$1,142

Property Taxes

6%

$116

Home Insurance

4%

$75

HOA

0%

$0

Property Management

12%

$247

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$226

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