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$3,570 (target)

35 S Rippling Ct, Smithfield, NC 27577

3 beds • 4 baths • 3162 sqft

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This property looks like a bad Mid-Term investment with a projected -15.48% first-year return on $198k initial cash invested.

-15.48%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$3,570

Rent

-$2,556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,570 income − $6,126 expenses = $2,556 out of pocket

Income$3,570Out of Pocket$2,556Mortgage P&I$4,193117%Property Taxes$41912%Insurance$3008%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

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Purchase Price

$858k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$172k

Closing costs

1%

$8,580

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,570

Total Expenses

$6,126

Mortgage P&I

117%

$4,193

Property Taxes

12%

$419

Home Insurance

8%

$300

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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