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$5,985 (target)

6 Kit Ct, Fletcher, NC 28732

3 beds • 3 baths • 2989 sqft

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This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $155k initial cash invested.

-1.07%

Cash On Cash

6.6%

Cap Rate

1.03

DSCR

$5,985

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,985 income − $6,123 expenses = $138 out of pocket

Income$5,985Out of Pocket$138Mortgage P&I$3,49358%Property Taxes$2684%Insurance$3155%HOA$13Management$71812%CapEx$2394%Vacancy$1803%Maintenance$2394%Other$65811%

Investment Breakdown

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Purchase Price

$654k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$131k

Closing costs

1%

$6,539

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,985

Total Expenses

$6,123

Mortgage P&I

58%

$3,493

Property Taxes

4%

$268

Home Insurance

5%

$315

HOA

0%

$13

Property Management

12%

$718

CapEx

4%

$239

Vacancy

3%

$180

Maintenance

4%

$239

Other

11%

$658

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