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$4,082 (target)

5 Split Creek Ct, Mills River, NC 28759

3 beds • 2 baths • 2214 sqft

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This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $161k initial cash invested.

-9.45%

Cash On Cash

4.05%

Cap Rate

0.68

DSCR

$4,082

Rent

-$1,266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,082 income − $5,348 expenses = $1,266 out of pocket

Income$4,082Out of Pocket$1,266Mortgage P&I$3,39983%Property Taxes$2205%Insurance$2456%HOA$972%Management$49012%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44911%

Investment Breakdown

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Purchase Price

$680k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,802

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,082

Total Expenses

$5,348

Mortgage P&I

83%

$3,399

Property Taxes

5%

$220

Home Insurance

6%

$245

HOA

2%

$97

Property Management

12%

$490

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$449

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