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$2,960 (target)

604 Allen Way, Indian Trail, NC 28079

3 beds • 2 baths • 1834 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $96,498 initial cash invested.

-5.91%

Cash On Cash

5.43%

Cap Rate

0.83

DSCR

$2,960

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,960 income − $3,435 expenses = $475 out of pocket

Income$2,960Out of Pocket$475Mortgage P&I$2,04769%Property Taxes$1866%Insurance$1967%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,498

Downpayment

20%

$74,760

Closing costs

1%

$3,738

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,960

Total Expenses

$3,435

Mortgage P&I

69%

$2,047

Property Taxes

6%

$186

Home Insurance

7%

$196

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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