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$2,312 (target)

502 Connelly Springs Rd SW, Lenoir, NC 28645

3 beds • 2 baths • 1566 sqft

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This property might be a fair Mid-Term investment with a projected 0.36% first-year return on $70,500 initial cash invested.

0.36%

Cash On Cash

6.98%

Cap Rate

1.08

DSCR

$2,312

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $2,291 expenses = $21 cash flow

Income$2,312Mortgage P&I$1,34158%Property Taxes$783%Insurance$884%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%Cash Flow$21

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,312

Total Expenses

$2,291

Mortgage P&I

58%

$1,341

Property Taxes

3%

$78

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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