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$2,800 (target)

659 N Main St, Stanley, NC 28164

3 beds • 3 baths • 1775 sqft

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This property might be a fair Mid-Term investment with a projected 7.91% first-year return on $62,625 initial cash invested.

7.91%

Cash On Cash

9.42%

Cap Rate

1.46

DSCR

$2,800

Rent

$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,800 income − $2,387 expenses = $413 cash flow

Income$2,800Mortgage P&I$1,14341%Property Taxes$2178%Insurance$753%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%Cash Flow$413

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,625

Downpayment

20%

$42,500

Closing costs

1%

$2,125

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,800

Total Expenses

$2,387

Mortgage P&I

41%

$1,143

Property Taxes

8%

$217

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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