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$3,177 (target)

10316 Bon Meade Ln, Cornelius, NC 28031

3 beds • 2 baths • 1509 sqft

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This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $103k initial cash invested.

-3.53%

Cash On Cash

5.46%

Cap Rate

0.91

DSCR

$3,177

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,177 income − $3,480 expenses = $303 out of pocket

Income$3,177Out of Pocket$303Mortgage P&I$2,02164%Property Taxes$2357%Insurance$1455%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,060

Closing costs

1%

$4,053

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,177

Total Expenses

$3,480

Mortgage P&I

64%

$2,021

Property Taxes

7%

$235

Home Insurance

5%

$145

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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