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$4,008 (target)

590 Cranberry Street, Newland, NC 28657

3 beds • 2 baths • 1247 sqft

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This property might be a fair Mid-Term investment with a projected 1.12% first-year return on $108k initial cash invested.

1.12%

Cash On Cash

6.93%

Cap Rate

1.12

DSCR

$4,008

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,008 income − $3,907 expenses = $101 cash flow

Income$4,008Mortgage P&I$2,21255%Property Taxes$1724%Insurance$1614%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%Cash Flow$101

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,640

Closing costs

1%

$4,282

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,008

Total Expenses

$3,907

Mortgage P&I

55%

$2,212

Property Taxes

4%

$172

Home Insurance

4%

$161

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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