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This property might be a fair Long-Term investment with a projected 1.56% first-year return on $40,782 initial cash invested.
1.56%
Cash On Cash
6.57%
Cap Rate
1.14
DSCR
$1,610
Rent
$53
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,782
Downpayment
20%
$38,840
Closing costs
1%
$1,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,610
Total Expenses
$1,557
Mortgage P&I
58%
$931
Property Taxes
8%
$129
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
811 Irene Ave, Kannapolis, NC 28083 | $1,395 | 3 | 1 | 1148 | 0.7 mi |
524 Eastway Ave, Kannapolis, NC 28083 | $1,900 | 3 | 1 | 1200 | 1.3 mi |
409 E 12th St, Kannapolis, NC 28083 | $1,295 | 3 | 1 | 1200 | 1.3 mi |
308 Prince St, Kannapolis, NC 28083 | $1,600 | 3 | 1 | 994 | 0.9 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality