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$1,770 (target)

1471 Ontario Dr, Kannapolis, NC 28083

3 beds • 2 baths • 1270 sqft

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This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $72,576 initial cash invested.

-14.19%

Cash On Cash

3.47%

Cap Rate

0.56

DSCR

$1,770

Rent

-$858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,770 income − $2,628 expenses = $858 out of pocket

Income$1,770Out of Pocket$858Mortgage P&I$1,769100%Property Taxes$27415%Insurance$1267%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,576

Downpayment

20%

$69,120

Closing costs

1%

$3,456

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,770

Total Expenses

$2,628

Mortgage P&I

100%

$1,769

Property Taxes

15%

$274

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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