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$4,695 (target)

7197 Windy Ridge Dr, Iron Station, NC 28080

3 beds • 3 baths • 3182 sqft

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This property looks like a bad Mid-Term investment with a projected -14.27% first-year return on $220k initial cash invested.

-14.27%

Cash On Cash

3%

Cap Rate

0.5

DSCR

$4,695

Rent

-$2,620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,695 income − $7,315 expenses = $2,620 out of pocket

Income$4,695Out of Pocket$2,620Mortgage P&I$4,843103%Property Taxes$4209%Insurance$3858%HOA$712%Management$56312%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51611%

Investment Breakdown

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Purchase Price

$964k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$220k

Downpayment

20%

$193k

Closing costs

1%

$9,635

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,695

Total Expenses

$7,315

Mortgage P&I

103%

$4,843

Property Taxes

9%

$420

Home Insurance

8%

$385

HOA

2%

$71

Property Management

12%

$563

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$516

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