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$2,734 (target)

1303 Lane St, Kannapolis, NC 28083

3 beds • 2 baths • 1715 sqft

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This property looks like a bad Mid-Term investment with a projected -4.36% first-year return on $89,736 initial cash invested.

-4.36%

Cash On Cash

5.24%

Cap Rate

0.87

DSCR

$2,734

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,734 income − $3,060 expenses = $326 out of pocket

Income$2,734Out of Pocket$326Mortgage P&I$1,70862%Property Taxes$30111%Insurance$1224%Management$32812%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30111%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,736

Downpayment

20%

$68,320

Closing costs

1%

$3,416

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,734

Total Expenses

$3,060

Mortgage P&I

62%

$1,708

Property Taxes

11%

$301

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$301

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