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$3,704 (target)

84 Greenwood Acres Dr, Mills River, NC 28759

3 beds • 2 baths • 1878 sqft

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This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $128k initial cash invested.

-4.63%

Cash On Cash

5.23%

Cap Rate

0.87

DSCR

$3,704

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,704 income − $4,198 expenses = $494 out of pocket

Income$3,704Out of Pocket$494Mortgage P&I$2,62871%Property Taxes$1223%Insurance$1905%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

|

Purchase Price

$524k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,235

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,704

Total Expenses

$4,198

Mortgage P&I

71%

$2,628

Property Taxes

3%

$122

Home Insurance

5%

$190

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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