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$2,889 (target)

705 Thanksgiving Fire Rd, Selma, NC 27576

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Mid-Term investment with a projected -13.86% first-year return on $125k initial cash invested.

-13.86%

Cash On Cash

3.31%

Cap Rate

0.51

DSCR

$2,889

Rent

-$1,442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $4,331 expenses = $1,442 out of pocket

Income$2,889Out of Pocket$1,442Mortgage P&I$2,72894%Property Taxes$31311%Insurance$30611%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$509k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$102k

Closing costs

1%

$5,087

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,889

Total Expenses

$4,331

Mortgage P&I

94%

$2,728

Property Taxes

11%

$313

Home Insurance

11%

$306

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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