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648 Scotts Creek Rd, Statesville, NC 28625

3 beds • 2 baths • 2900 sqft

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This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $91,878 initial cash invested.

-2.65%

Cash On Cash

5.59%

Cap Rate

0.94

DSCR

$2,656

Rent

-$203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,878

Downpayment

20%

$70,360

Closing costs

1%

$3,518

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,656

Total Expenses

$2,859

Mortgage P&I

65%

$1,736

Property Taxes

4%

$94

Home Insurance

5%

$126

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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