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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 Long-Term investment with a projected -24.49% first-year return on $289k initial cash invested.

-24.49%

Cash On Cash

0.91%

Cap Rate

0.15

DSCR

$3,173

Rent

-$5,892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$289k

Downpayment

20%

$275k

Closing costs

1%

$13,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,173

Total Expenses

$9,065

Mortgage P&I

213%

$6,773

Property Taxes

18%

$586

Home Insurance

15%

$481

HOA

13%

$400

Property Management

10%

$317

CapEx

5%

$159

Vacancy

6%

$190

Maintenance

5%

$159

Other

0%

$0

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