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$1,862 (target)

627 Smokehouse Ln, Albemarle, NC 28001

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Long-Term investment with a projected -6.47% first-year return on $57,498 initial cash invested.

-6.47%

Cash On Cash

5.04%

Cap Rate

0.84

DSCR

$1,862

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $2,172 expenses = $310 out of pocket

Income$1,862Out of Pocket$310Mortgage P&I$1,36773%Property Taxes$19911%Insurance$1056%HOA$171%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,498

Downpayment

20%

$54,760

Closing costs

1%

$2,738

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,862

Total Expenses

$2,172

Mortgage P&I

73%

$1,367

Property Taxes

11%

$199

Home Insurance

6%

$105

HOA

1%

$17

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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