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1303 Cornwallis Rd, Garner, NC 27529

3 beds • 2 baths • 1585 sqft

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This property looks like a bad Long-Term investment with a projected -9.91% first-year return on $77,112 initial cash invested.

-9.91%

Cash On Cash

4.17%

Cap Rate

0.7

DSCR

$2,018

Rent

-$637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,112

Downpayment

20%

$73,440

Closing costs

1%

$3,672

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$2,655

Mortgage P&I

90%

$1,813

Property Taxes

9%

$186

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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