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$4,305 (target)

707 Luther Dr, Iron Station, NC 28080

3 beds • 4 baths • 3564 sqft

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This property looks like a bad Mid-Term investment with a projected -8.79% first-year return on $164k initial cash invested.

-8.79%

Cash On Cash

4.18%

Cap Rate

0.7

DSCR

$4,305

Rent

-$1,203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,305 income − $5,508 expenses = $1,203 out of pocket

Income$4,305Out of Pocket$1,203Mortgage P&I$3,45380%Property Taxes$3147%Insurance$2546%HOA$231%Management$51712%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47411%

Investment Breakdown

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Purchase Price

$696k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,961

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,305

Total Expenses

$5,508

Mortgage P&I

80%

$3,453

Property Taxes

7%

$314

Home Insurance

6%

$254

HOA

1%

$23

Property Management

12%

$517

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$474

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