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$6,294 (target)

38 Thistle Ln, Fletcher, NC 28732

3 beds • 4 baths • 4327 sqft

$1,875,000

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This property looks like a bad Long-Term investment with a projected -18.86% first-year return on $394k initial cash invested.

-18.86%

Cash On Cash

2.34%

Cap Rate

0.38

DSCR

$6,294

Rent

-$6,187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,294 income − $12,481 expenses = $6,187 out of pocket

Income$6,294Out of Pocket$6,187Mortgage P&I$9,534151%Property Taxes$5379%Insurance$65610%HOA$1172%Management$62910%CapEx$3155%Vacancy$3786%Maintenance$3155%

Investment Breakdown

|

Purchase Price

$1875k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$394k

Downpayment

20%

$375k

Closing costs

1%

$18,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,294

Total Expenses

$12,481

Mortgage P&I

151%

$9,534

Property Taxes

9%

$537

Home Insurance

10%

$656

HOA

2%

$117

Property Management

10%

$629

CapEx

5%

$315

Vacancy

6%

$378

Maintenance

5%

$315

Other

0%

$0

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