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$2,109 (target)

793 State Highway 197 S, Burnsville, NC 28714

3 beds • 2 baths • 2448 sqft

$2,349,000

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This property looks like a bad Mid-Term investment with a projected -27.27% first-year return on $511k initial cash invested.

-27.27%

Cash On Cash

0.04%

Cap Rate

0.01

DSCR

$2,109

Rent

-$11,621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,109 income − $13,730 expenses = $11,621 out of pocket

Income$2,109Out of Pocket$11,621Mortgage P&I$11,608550%Property Taxes$58428%Insurance$82239%Management$25312%CapEx$844%Vacancy$633%Maintenance$844%Other$23211%

Investment Breakdown

|

Purchase Price

$2349k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$511k

Downpayment

20%

$470k

Closing costs

1%

$23,490

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,109

Total Expenses

$13,730

Mortgage P&I

550%

$11,608

Property Taxes

28%

$584

Home Insurance

39%

$822

HOA

0%

$0

Property Management

12%

$253

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$232

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