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70 Iris Ln, Canton, NC 28716

3 beds • 2 baths • 1188 sqft

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This property looks like a bad Mid-Term investment with a projected -1.43% first-year return on $84,150 initial cash invested.

-1.43%

Cash On Cash

6.18%

Cap Rate

1

DSCR

$2,640

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,740 expenses = $100 out of pocket

Income$2,640Out of Pocket$100Mortgage P&I$1,61661%Property Taxes$1164%Insurance$1104%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29011%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$2,740

Mortgage P&I

61%

$1,616

Property Taxes

4%

$116

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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