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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 Mid-Term investment with a projected -1.67% first-year return on $95,112 initial cash invested.

-1.67%

Cash On Cash

5.89%

Cap Rate

0.99

DSCR

$3,027

Rent

-$132

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

$95,112

Downpayment

20%

$73,440

Closing costs

1%

$3,672

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,027

Total Expenses

$3,159

Mortgage P&I

60%

$1,813

Property Taxes

6%

$186

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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