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702 Addie Dr, Iron Station, NC 28080

3 beds • 3 baths • 2125 sqft

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This property looks like a bad Long-Term investment with a projected -10.67% first-year return on $86,940 initial cash invested.

-10.67%

Cash On Cash

3.85%

Cap Rate

0.67

DSCR

$2,139

Rent

-$773

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,940

Downpayment

20%

$82,800

Closing costs

1%

$4,140

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,139

Total Expenses

$2,912

Mortgage P&I

93%

$1,993

Property Taxes

9%

$182

Home Insurance

7%

$158

HOA

1%

$23

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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