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456 Spring House Dr, Burnsville, NC 28714

3 beds • 4 baths • 2903 sqft

$1,375,000

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This property looks like a bad Mid-Term investment with a projected -19.94% first-year return on $307k initial cash invested.

-19.94%

Cash On Cash

1.63%

Cap Rate

0.28

DSCR

$4,760

Rent

-$5,098

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$307k

Downpayment

20%

$275k

Closing costs

1%

$13,750

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,760

Total Expenses

$9,858

Mortgage P&I

142%

$6,773

Property Taxes

12%

$586

Home Insurance

10%

$481

HOA

8%

$400

Property Management

12%

$571

CapEx

4%

$190

Vacancy

3%

$143

Maintenance

4%

$190

Other

11%

$524

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