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$2,516 (target)

409 Cedar Street, Elizabeth City, NC 27909

3 beds • 2 baths • 1710 sqft

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This property might be a fair Mid-Term investment with a projected 5.51% first-year return on $65,943 initial cash invested.

5.51%

Cash On Cash

8.24%

Cap Rate

1.35

DSCR

$2,516

Rent

$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $2,213 expenses = $303 cash flow

Income$2,516Mortgage P&I$1,16346%Property Taxes$843%Insurance$1104%Management$30212%CapEx$1014%Vacancy$753%Maintenance$1014%Other$27711%Cash Flow$303

Investment Breakdown

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Purchase Price

$228k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,516

Total Expenses

$2,213

Mortgage P&I

46%

$1,163

Property Taxes

3%

$84

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$75

Maintenance

4%

$101

Other

11%

$277

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