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3509 Clovis Ct, Hope Mills, NC 28348

3 beds • 2 baths • 1428 sqft

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This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $63,969 initial cash invested.

2.89%

Cash On Cash

7.5%

Cap Rate

1.22

DSCR

$2,433

Rent

$154

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

$63,969

Downpayment

20%

$43,780

Closing costs

1%

$2,189

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,433

Total Expenses

$2,279

Mortgage P&I

46%

$1,117

Property Taxes

11%

$258

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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