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505 Azure Ave, Albemarle, NC 28001

3 beds • 2 baths • 1138 sqft

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This property might be a fair Mid-Term investment with a projected 0.43% first-year return on $72,978 initial cash invested.

0.43%

Cash On Cash

6.46%

Cap Rate

1.09

DSCR

$2,386

Rent

$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,978

Downpayment

20%

$52,360

Closing costs

1%

$2,618

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,386

Total Expenses

$2,360

Mortgage P&I

54%

$1,288

Property Taxes

7%

$169

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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