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$2,091 (target)

741 Morrow Branch Rd, Leicester, NC 28748

3 beds • 2 baths • 1987 sqft

$1,753,100

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This property looks like a bad Long-Term investment with a projected -24.88% first-year return on $368k initial cash invested.

-24.88%

Cash On Cash

0.74%

Cap Rate

0.13

DSCR

$2,091

Rent

-$7,632

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,091 income − $9,723 expenses = $7,632 out of pocket

Income$2,091Out of Pocket$7,632Mortgage P&I$8,605412%Property Taxes$31215%Insurance$26213%Management$20910%CapEx$1055%Vacancy$1256%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$1753k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$368k

Downpayment

20%

$351k

Closing costs

1%

$17,531

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,091

Total Expenses

$9,723

Mortgage P&I

412%

$8,605

Property Taxes

15%

$312

Home Insurance

13%

$262

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$125

Maintenance

5%

$105

Other

0%

$0

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