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$4,938 (target)

1500 Billy Howey Rd, Waxhaw, NC 28173

3 beds • 3 baths • 2790 sqft

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This property looks like a bad Mid-Term investment with a projected -9.92% first-year return on $193k initial cash invested.

-9.92%

Cash On Cash

3.96%

Cap Rate

0.66

DSCR

$4,938

Rent

-$1,599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,938 income − $6,537 expenses = $1,599 out of pocket

Income$4,938Out of Pocket$1,599Mortgage P&I$4,15884%Property Taxes$3397%Insurance$3607%Management$59312%CapEx$1984%Vacancy$1483%Maintenance$1984%Other$54311%

Investment Breakdown

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Purchase Price

$835k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$193k

Downpayment

20%

$167k

Closing costs

1%

$8,353

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,938

Total Expenses

$6,537

Mortgage P&I

84%

$4,158

Property Taxes

7%

$339

Home Insurance

7%

$360

HOA

0%

$0

Property Management

12%

$593

CapEx

4%

$198

Vacancy

3%

$148

Maintenance

4%

$198

Other

11%

$543

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