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$3,885 (target)

46 Solomia Dr, Mills River, NC 28759

3 beds • 3 baths • 2196 sqft

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This property looks like a bad Mid-Term investment with a projected -15.33% first-year return on $203k initial cash invested.

-15.33%

Cash On Cash

2.77%

Cap Rate

0.45

DSCR

$3,885

Rent

-$2,587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,885 income − $6,472 expenses = $2,587 out of pocket

Income$3,885Out of Pocket$2,587Mortgage P&I$4,459115%Property Taxes$2867%Insurance$3158%HOA$922%Management$46612%CapEx$1554%Vacancy$1173%Maintenance$1554%Other$42711%

Investment Breakdown

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Purchase Price

$879k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$203k

Downpayment

20%

$176k

Closing costs

1%

$8,789

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,885

Total Expenses

$6,472

Mortgage P&I

115%

$4,459

Property Taxes

7%

$286

Home Insurance

8%

$315

HOA

2%

$92

Property Management

12%

$466

CapEx

4%

$155

Vacancy

3%

$117

Maintenance

4%

$155

Other

11%

$427

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