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$2,980 (target)

908 Sherman St, Gastonia, NC 28052

3 beds • 3 baths • 2059 sqft

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This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $87,699 initial cash invested.

-2.15%

Cash On Cash

5.93%

Cap Rate

0.98

DSCR

$2,980

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,980 income − $3,137 expenses = $157 out of pocket

Income$2,980Out of Pocket$157Mortgage P&I$1,67856%Property Taxes$30710%Insurance$1174%HOA$221%Management$35812%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,699

Downpayment

20%

$66,380

Closing costs

1%

$3,319

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,980

Total Expenses

$3,137

Mortgage P&I

56%

$1,678

Property Taxes

10%

$307

Home Insurance

4%

$117

HOA

1%

$22

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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