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$2,493 (target)

409 Redding St, Gastonia, NC 28054

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Mid-Term investment with a projected -8.21% first-year return on $104k initial cash invested.

-8.21%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$2,493

Rent

-$712

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,493 income − $3,205 expenses = $712 out of pocket

Income$2,493Out of Pocket$712Mortgage P&I$2,05482%Property Taxes$1536%Insurance$1506%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,920

Closing costs

1%

$4,096

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,493

Total Expenses

$3,205

Mortgage P&I

82%

$2,054

Property Taxes

6%

$153

Home Insurance

6%

$150

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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