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$3,096 (target)

6006 Waterfalls Rd, Lenoir, NC 28645

3 beds • 3 baths • 2238 sqft

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This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $124k initial cash invested.

-9.35%

Cash On Cash

4.14%

Cap Rate

0.67

DSCR

$3,096

Rent

-$969

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,096 income − $4,065 expenses = $969 out of pocket

Income$3,096Out of Pocket$969Mortgage P&I$2,59284%Property Taxes$2277%Insurance$1926%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,066

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,096

Total Expenses

$4,065

Mortgage P&I

84%

$2,592

Property Taxes

7%

$227

Home Insurance

6%

$192

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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