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$3,420 (target)

8607 Wellington Ln, Harrisburg, NC 28075

3 beds • 2 baths • 2064 sqft

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This property looks like a bad Mid-Term investment with a projected -6.89% first-year return on $107k initial cash invested.

-6.89%

Cash On Cash

5.31%

Cap Rate

0.8

DSCR

$3,420

Rent

-$616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,420 income − $4,036 expenses = $616 out of pocket

Income$3,420Out of Pocket$616Mortgage P&I$2,36069%Property Taxes$36411%Insurance$1494%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,420

Total Expenses

$4,036

Mortgage P&I

69%

$2,360

Property Taxes

11%

$364

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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