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$2,211 (target)

443 Smith St, Albemarle, NC 28001

3 beds • 2 baths • 1276 sqft

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This property might be a fair Mid-Term investment with a projected 9.74% first-year return on $51,600 initial cash invested.

9.74%

Cash On Cash

10.33%

Cap Rate

1.58

DSCR

$2,211

Rent

$419

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $1,792 expenses = $419 cash flow

Income$2,211Mortgage P&I$87039%Property Taxes$1165%Insurance$563%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%Cash Flow$419

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,600

Downpayment

20%

$32,000

Closing costs

1%

$1,600

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,211

Total Expenses

$1,792

Mortgage P&I

39%

$870

Property Taxes

5%

$116

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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