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$3,280 (target)

10225 Atchinson Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1826 sqft

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This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $104k initial cash invested.

-3.8%

Cash On Cash

5.62%

Cap Rate

0.91

DSCR

$3,280

Rent

-$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,280 income − $3,608 expenses = $328 out of pocket

Income$3,280Out of Pocket$328Mortgage P&I$2,10864%Property Taxes$2387%Insurance$1474%Management$39412%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%

Investment Breakdown

|

Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,620

Closing costs

1%

$4,081

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,280

Total Expenses

$3,608

Mortgage P&I

64%

$2,108

Property Taxes

7%

$238

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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