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$4,204 (target)

924 Balsam Drive, Newland, NC 28657

3 beds • 2 baths • 1569 sqft

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This property looks like a bad Mid-Term investment with a projected -1.28% first-year return on $123k initial cash invested.

-1.28%

Cash On Cash

6.24%

Cap Rate

1.01

DSCR

$4,204

Rent

-$131

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,204 income − $4,335 expenses = $131 out of pocket

Income$4,204Out of Pocket$131Mortgage P&I$2,55761%Property Taxes$832%Insurance$1844%HOA$832%Management$50412%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46211%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,820

Closing costs

1%

$4,991

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,204

Total Expenses

$4,335

Mortgage P&I

61%

$2,557

Property Taxes

2%

$83

Home Insurance

4%

$184

HOA

2%

$83

Property Management

12%

$504

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$462

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