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$1,677 (target)

409 Cedar Street, Elizabeth City, NC 27909

3 beds • 2 baths • 1710 sqft

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This property looks like a bad Long-Term investment with a projected -2.93% first-year return on $47,943 initial cash invested.

-2.93%

Cash On Cash

5.94%

Cap Rate

0.97

DSCR

$1,677

Rent

-$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,677 income − $1,794 expenses = $117 out of pocket

Income$1,677Out of Pocket$117Mortgage P&I$1,16369%Property Taxes$845%Insurance$1107%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,677

Total Expenses

$1,794

Mortgage P&I

69%

$1,163

Property Taxes

5%

$84

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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