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$4,556 (target)

12728 Meetinghouse Dr, Cornelius, NC 28031

3 beds • 2 baths • 2712 sqft

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This property looks like a bad Mid-Term investment with a projected -12.6% first-year return on $177k initial cash invested.

-12.6%

Cash On Cash

3.32%

Cap Rate

0.56

DSCR

$4,556

Rent

-$1,854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,556 income − $6,410 expenses = $1,854 out of pocket

Income$4,556Out of Pocket$1,854Mortgage P&I$3,75882%Property Taxes$43610%Insurance$2706%HOA$3979%Management$54712%CapEx$1824%Vacancy$1373%Maintenance$1824%Other$50111%

Investment Breakdown

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Purchase Price

$755k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$177k

Downpayment

20%

$151k

Closing costs

1%

$7,549

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,556

Total Expenses

$6,410

Mortgage P&I

82%

$3,758

Property Taxes

10%

$436

Home Insurance

6%

$270

HOA

9%

$397

Property Management

12%

$547

CapEx

4%

$182

Vacancy

3%

$137

Maintenance

4%

$182

Other

11%

$501

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