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$2,118 (target)

10316 Bon Meade Ln, Cornelius, NC 28031

3 beds • 2 baths • 1509 sqft

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This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $85,113 initial cash invested.

-11.76%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$2,118

Rent

-$834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,118 income − $2,952 expenses = $834 out of pocket

Income$2,118Out of Pocket$834Mortgage P&I$2,02195%Property Taxes$23511%Insurance$1457%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,113

Downpayment

20%

$81,060

Closing costs

1%

$4,053

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,118

Total Expenses

$2,952

Mortgage P&I

95%

$2,021

Property Taxes

11%

$235

Home Insurance

7%

$145

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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