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676 Sunridge Dr, Lincolnton, NC 28092

3 beds • 2 baths • 2905 sqft

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This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $98,850 initial cash invested.

-4.98%

Cash On Cash

4.88%

Cap Rate

0.84

DSCR

$2,650

Rent

-$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,650

Total Expenses

$3,060

Mortgage P&I

71%

$1,869

Property Taxes

6%

$154

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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