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3509 Clovis Ct, Hope Mills, NC 28348

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Long-Term investment with a projected -6.55% first-year return on $45,969 initial cash invested.

-6.55%

Cash On Cash

5.19%

Cap Rate

0.85

DSCR

$1,622

Rent

-$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,969

Downpayment

20%

$43,780

Closing costs

1%

$2,189

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,622

Total Expenses

$1,873

Mortgage P&I

69%

$1,117

Property Taxes

16%

$258

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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