Unlock all features! Tap here to upgrade
3482 Polk County Line Rd, Rutherfordton, NC 28139
3 beds • 3 baths • 2252 sqft
$449,900
View on ZillowThis property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $112k initial cash invested.
-10.73%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$2,710
Rent
-$1,006
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,710 income − $3,716 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$3,716
Mortgage P&I
88%
$2,394
Property Taxes
9%
$244
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298