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$3,406 (target)

3882 New Leicester Hwy, Leicester, NC 28748

3 beds • 2 baths • 1820 sqft

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This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $151k initial cash invested.

-11.93%

Cash On Cash

3.46%

Cap Rate

0.57

DSCR

$3,406

Rent

-$1,500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,406 income − $4,906 expenses = $1,500 out of pocket

Income$3,406Out of Pocket$1,500Mortgage P&I$3,18794%Property Taxes$33710%Insurance$2247%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$633k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,329

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,406

Total Expenses

$4,906

Mortgage P&I

94%

$3,187

Property Taxes

10%

$337

Home Insurance

7%

$224

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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