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5420 Shipman Rd, Hope Mills, NC 28348

3 beds • 2 baths • 1796 sqft

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This property might be a fair Mid-Term investment with a projected 2.66% first-year return on $69,450 initial cash invested.

2.66%

Cash On Cash

7.44%

Cap Rate

1.2

DSCR

$2,548

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,548

Total Expenses

$2,394

Mortgage P&I

50%

$1,264

Property Taxes

7%

$178

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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