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6 Mulberry Dr, Arden, NC 28704

3 beds • 3 baths • 2031 sqft

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This property looks like a bad Mid-Term investment with a projected -6.08% first-year return on $120k initial cash invested.

-6.08%

Cash On Cash

4.59%

Cap Rate

0.79

DSCR

$3,122

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,122

Total Expenses

$3,729

Mortgage P&I

75%

$2,338

Property Taxes

5%

$159

Home Insurance

5%

$170

HOA

0%

$0

Property Management

12%

$375

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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