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$2,474 (target)

6523 Sprucewood Rd, Fayetteville, NC 28304

3 beds • 2 baths • 1637 sqft

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This property might be a fair Mid-Term investment with a projected 1.83% first-year return on $64,200 initial cash invested.

1.83%

Cash On Cash

7.81%

Cap Rate

1.16

DSCR

$2,474

Rent

$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,474 income − $2,376 expenses = $98 cash flow

Income$2,474Mortgage P&I$1,23450%Property Taxes$2249%Insurance$773%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%Cash Flow$98

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,474

Total Expenses

$2,376

Mortgage P&I

50%

$1,234

Property Taxes

9%

$224

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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