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$3,694 (target)

32 Bowen Dr, Belmont, NC 28012

3 beds • 3 baths • 2301 sqft

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This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $118k initial cash invested.

-5.62%

Cash On Cash

5.66%

Cap Rate

0.85

DSCR

$3,694

Rent

-$552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,694 income − $4,246 expenses = $552 out of pocket

Income$3,694Out of Pocket$552Mortgage P&I$2,64872%Property Taxes$1735%Insurance$1695%Management$44312%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40611%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,080

Closing costs

1%

$4,754

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,694

Total Expenses

$4,246

Mortgage P&I

72%

$2,648

Property Taxes

5%

$173

Home Insurance

5%

$169

HOA

0%

$0

Property Management

12%

$443

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$406

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