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$2,686 (target)

1014 Hoke St, Kannapolis, NC 28081

3 beds • 2 baths • 1325 sqft

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This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $87,279 initial cash invested.

-4.04%

Cash On Cash

5.52%

Cap Rate

0.89

DSCR

$2,686

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,686 income − $2,980 expenses = $294 out of pocket

Income$2,686Out of Pocket$294Mortgage P&I$1,70463%Property Taxes$2489%Insurance$1164%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,686

Total Expenses

$2,980

Mortgage P&I

63%

$1,704

Property Taxes

9%

$248

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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