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$2,823 (target)

514 Smokehouse Ln, Albemarle, NC 28001

3 beds • 2 baths • 1656 sqft

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This property might be a fair Mid-Term investment with a projected 3.84% first-year return on $72,726 initial cash invested.

3.84%

Cash On Cash

7.66%

Cap Rate

1.26

DSCR

$2,823

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $2,590 expenses = $233 cash flow

Income$2,823Mortgage P&I$1,31747%Property Taxes$2027%Insurance$933%HOA$171%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$233

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,726

Downpayment

20%

$52,120

Closing costs

1%

$2,606

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,823

Total Expenses

$2,590

Mortgage P&I

47%

$1,317

Property Taxes

7%

$202

Home Insurance

3%

$93

HOA

1%

$17

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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