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$1,348 (target)

3695 Applegate Rd, Hope Mills, NC 28348

3 beds • 2 baths • 1046 sqft

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This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $41,181 initial cash invested.

-10.02%

Cash On Cash

4.88%

Cap Rate

0.74

DSCR

$1,348

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,348 income − $1,692 expenses = $344 out of pocket

Income$1,348Out of Pocket$344Mortgage P&I$1,07480%Property Taxes$19915%Insurance$695%Management$13510%CapEx$675%Vacancy$816%Maintenance$675%

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,181

Downpayment

20%

$39,220

Closing costs

1%

$1,961

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,348

Total Expenses

$1,692

Mortgage P&I

80%

$1,074

Property Taxes

15%

$199

Home Insurance

5%

$69

HOA

0%

$0

Property Management

10%

$135

CapEx

5%

$67

Vacancy

6%

$81

Maintenance

5%

$67

Other

0%

$0

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