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$5,208 (target)

98 Soapstone Creek Dr, Arden, NC 28704

3 beds • 3 baths • 2837 sqft

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This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $171k initial cash invested.

-6.85%

Cash On Cash

4.85%

Cap Rate

0.79

DSCR

$5,208

Rent

-$979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,208 income − $6,187 expenses = $979 out of pocket

Income$5,208Out of Pocket$979Mortgage P&I$3,72572%Property Taxes$2234%Insurance$2615%HOA$2084%Management$62512%CapEx$2084%Vacancy$1563%Maintenance$2084%Other$57311%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,309

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,208

Total Expenses

$6,187

Mortgage P&I

72%

$3,725

Property Taxes

4%

$223

Home Insurance

5%

$261

HOA

4%

$208

Property Management

12%

$625

CapEx

4%

$208

Vacancy

3%

$156

Maintenance

4%

$208

Other

11%

$573

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