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$9,441 (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 Mid-Term investment with a projected -13.45% first-year return on $412k initial cash invested.

-13.45%

Cash On Cash

3.39%

Cap Rate

0.56

DSCR

$9,441

Rent

-$4,614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,441 income − $14,055 expenses = $4,614 out of pocket

Income$9,441Out of Pocket$4,614Mortgage P&I$9,534101%Property Taxes$5376%Insurance$6567%HOA$1171%Management$1,13312%CapEx$3784%Vacancy$2833%Maintenance$3784%Other$1,03911%

Investment Breakdown

|

Purchase Price

$1875k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$412k

Downpayment

20%

$375k

Closing costs

1%

$18,750

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,441

Total Expenses

$14,055

Mortgage P&I

101%

$9,534

Property Taxes

6%

$537

Home Insurance

7%

$656

HOA

1%

$117

Property Management

12%

$1,133

CapEx

4%

$378

Vacancy

3%

$283

Maintenance

4%

$378

Other

11%

$1,039

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