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$1,972 (target)

3867 Ritchie Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1823 sqft

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This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $88,200 initial cash invested.

-11.99%

Cash On Cash

3.51%

Cap Rate

0.61

DSCR

$1,972

Rent

-$881

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,972 income − $2,853 expenses = $881 out of pocket

Income$1,972Out of Pocket$881Mortgage P&I$2,009102%Property Taxes$1849%Insurance$1477%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,200

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,972

Total Expenses

$2,853

Mortgage P&I

102%

$2,009

Property Taxes

9%

$184

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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