6320 E State Highway 108, Mill Spring, NC 28756
3 beds • 4 baths • 3300 sqft
$1,085,800
View on ZillowThis property looks like a bad Long-Term investment with a projected -24.29% first-year return on $228k initial cash invested.
-24.29%
Cash On Cash
1.54%
Cap Rate
0.24
DSCR
$3,043
Rent
-$4,615
Cashflow
Cash Flow
$3,043 income − $7,658 expenses = $4,615 out of pocket
Investment Breakdown
|
Purchase Price
$1086k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$217k
Closing costs
1%
$10,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,043
Total Expenses
$7,658
Mortgage P&I
192%
$5,852
Property Taxes
15%
$457
Home Insurance
18%
$558
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0