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431 Cooper Farm Rd, Statesville, NC 28625

3 beds • 2 baths • 1500 sqft

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This property could be a profitable Mid-Term investment with a projected 10.96% first-year return on $60,987 initial cash invested.

10.96%

Cash On Cash

10.08%

Cap Rate

1.63

DSCR

$2,652

Rent

$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,987

Downpayment

20%

$40,940

Closing costs

1%

$2,047

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,652

Total Expenses

$2,095

Mortgage P&I

40%

$1,056

Property Taxes

2%

$63

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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