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$2,438 (target)

712 Alexwood Dr, Hope Mills, NC 28348

3 beds • 2 baths • 1360 sqft

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This property might be a fair Mid-Term investment with a projected 3.88% first-year return on $64,095 initial cash invested.

3.88%

Cash On Cash

8.07%

Cap Rate

1.26

DSCR

$2,438

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $2,231 expenses = $207 cash flow

Income$2,438Mortgage P&I$1,17248%Property Taxes$1526%Insurance$773%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26811%Cash Flow$207

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,095

Downpayment

20%

$43,900

Closing costs

1%

$2,195

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$2,231

Mortgage P&I

48%

$1,172

Property Taxes

6%

$152

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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