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$2,674 (target)

706 Hedrick Dr, Statesville, NC 28677

3 beds • 2 baths • 2009 sqft

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This property looks like a bad Mid-Term investment with a projected -3.55% first-year return on $89,169 initial cash invested.

-3.55%

Cash On Cash

5.44%

Cap Rate

0.91

DSCR

$2,674

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,674 income − $2,938 expenses = $264 out of pocket

Income$2,674Out of Pocket$264Mortgage P&I$1,69263%Property Taxes$2168%Insurance$1215%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,169

Downpayment

20%

$67,780

Closing costs

1%

$3,389

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$2,938

Mortgage P&I

63%

$1,692

Property Taxes

8%

$216

Home Insurance

5%

$121

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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