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$1,616 (target)

726 Parker St, Albemarle, NC 28001

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Long-Term investment with a projected -8.11% first-year return on $56,700 initial cash invested.

-8.11%

Cash On Cash

4.59%

Cap Rate

0.77

DSCR

$1,616

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $1,999 expenses = $383 out of pocket

Income$1,616Out of Pocket$383Mortgage P&I$1,33483%Property Taxes$1509%Insurance$946%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,616

Total Expenses

$1,999

Mortgage P&I

83%

$1,334

Property Taxes

9%

$150

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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