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$2,670 (target)

547 Lockwood Dr, Clayton, NC 27520

3 beds • 3 baths • 1578 sqft

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This property might be a fair Mid-Term investment with a projected 2.6% first-year return on $68,400 initial cash invested.

2.6%

Cash On Cash

7.62%

Cap Rate

1.2

DSCR

$2,670

Rent

$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,670 income − $2,522 expenses = $148 cash flow

Income$2,670Mortgage P&I$1,26948%Property Taxes$26110%Insurance$843%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%Cash Flow$148

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,670

Total Expenses

$2,522

Mortgage P&I

48%

$1,269

Property Taxes

10%

$261

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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