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$2,514 (target)

823 Flint Dr, Statesville, NC 28677

3 beds • 2 baths • 1584 sqft

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This property might be a fair Mid-Term investment with a projected 3.01% first-year return on $68,589 initial cash invested.

3.01%

Cash On Cash

7.94%

Cap Rate

1.21

DSCR

$2,514

Rent

$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,514 income − $2,342 expenses = $172 cash flow

Income$2,514Mortgage P&I$1,32053%Property Taxes$803%Insurance$863%Management$30212%CapEx$1014%Vacancy$753%Maintenance$1014%Other$27711%Cash Flow$172

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,589

Downpayment

20%

$48,180

Closing costs

1%

$2,409

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,514

Total Expenses

$2,342

Mortgage P&I

53%

$1,320

Property Taxes

3%

$80

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$75

Maintenance

4%

$101

Other

11%

$277

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