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702 Saddlebrook Ln, Cherryville, NC 28021

3 beds • 2 baths • 1887 sqft

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This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $117k initial cash invested.

-7.45%

Cash On Cash

4.38%

Cap Rate

0.74

DSCR

$3,002

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$471k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,280

Closing costs

1%

$4,714

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$3,728

Mortgage P&I

77%

$2,326

Property Taxes

7%

$214

Home Insurance

6%

$168

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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