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$3,496 (target)

10427 Danesway Ln, Cornelius, NC 28031

3 beds • 3 baths • 2050 sqft

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This property looks like a bad Mid-Term investment with a projected -5.83% first-year return on $120k initial cash invested.

-5.83%

Cash On Cash

4.91%

Cap Rate

0.82

DSCR

$3,496

Rent

-$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,496 income − $4,079 expenses = $583 out of pocket

Income$3,496Out of Pocket$583Mortgage P&I$2,43170%Property Taxes$2838%Insurance$1755%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,180

Closing costs

1%

$4,859

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,496

Total Expenses

$4,079

Mortgage P&I

70%

$2,431

Property Taxes

8%

$283

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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