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$3,238 (target)

648 Rockbank Loop, Wendell, NC 27591

3 beds • 3 baths • 2116 sqft

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This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $103k initial cash invested.

-7.01%

Cash On Cash

5.17%

Cap Rate

0.79

DSCR

$3,238

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,238 income − $3,842 expenses = $604 out of pocket

Income$3,238Out of Pocket$604Mortgage P&I$2,22669%Property Taxes$37011%Insurance$1444%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35611%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,300

Closing costs

1%

$4,065

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,238

Total Expenses

$3,842

Mortgage P&I

69%

$2,226

Property Taxes

11%

$370

Home Insurance

4%

$144

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$356

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