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$3,969 (target)

12701 Meetinghouse Dr, Cornelius, NC 28031

3 beds • 2 baths • 2144 sqft

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This property looks like a bad Mid-Term investment with a projected -13.12% first-year return on $159k initial cash invested.

-13.12%

Cash On Cash

3.15%

Cap Rate

0.53

DSCR

$3,969

Rent

-$1,737

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,969 income − $5,706 expenses = $1,737 out of pocket

Income$3,969Out of Pocket$1,737Mortgage P&I$3,34184%Property Taxes$38210%Insurance$2366%HOA$39710%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%

Investment Breakdown

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Purchase Price

$671k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$134k

Closing costs

1%

$6,710

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,969

Total Expenses

$5,706

Mortgage P&I

84%

$3,341

Property Taxes

10%

$382

Home Insurance

6%

$236

HOA

10%

$397

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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