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$2,484 (target)

812 Mill St, Albemarle, NC 28001

3 beds • 2 baths • 1472 sqft

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This property might be a fair Mid-Term investment with a projected 5.31% first-year return on $63,318 initial cash invested.

5.31%

Cash On Cash

8.51%

Cap Rate

1.33

DSCR

$2,484

Rent

$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,484 income − $2,204 expenses = $280 cash flow

Income$2,484Mortgage P&I$1,15246%Property Taxes$1305%Insurance$783%Management$29812%CapEx$994%Vacancy$753%Maintenance$994%Other$27311%Cash Flow$280

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,318

Downpayment

20%

$43,160

Closing costs

1%

$2,158

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,484

Total Expenses

$2,204

Mortgage P&I

46%

$1,152

Property Taxes

5%

$130

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$75

Maintenance

4%

$99

Other

11%

$273

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