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$2,142 (target)

5938 Spinner Rd, Hope Mills, NC 28348

3 beds • 2 baths • 1286 sqft

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This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $70,668 initial cash invested.

-2.36%

Cash On Cash

5.67%

Cap Rate

0.96

DSCR

$2,142

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,281 expenses = $139 out of pocket

Income$2,142Out of Pocket$139Mortgage P&I$1,23958%Property Taxes$22410%Insurance$894%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23611%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,668

Downpayment

20%

$50,160

Closing costs

1%

$2,508

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,142

Total Expenses

$2,281

Mortgage P&I

58%

$1,239

Property Taxes

10%

$224

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$236

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