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$5,070 (target)

1533 Springfield Dr, Waxhaw, NC 28173

3 beds • 4 baths • 3435 sqft

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This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $191k initial cash invested.

-8.83%

Cash On Cash

4.24%

Cap Rate

0.71

DSCR

$5,070

Rent

-$1,409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,070 income − $6,479 expenses = $1,409 out of pocket

Income$5,070Out of Pocket$1,409Mortgage P&I$4,12681%Property Taxes$3407%Insurance$2896%Management$60812%CapEx$2034%Vacancy$1523%Maintenance$2034%Other$55811%

Investment Breakdown

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Purchase Price

$826k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$165k

Closing costs

1%

$8,257

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,070

Total Expenses

$6,479

Mortgage P&I

81%

$4,126

Property Taxes

7%

$340

Home Insurance

6%

$289

HOA

0%

$0

Property Management

12%

$608

CapEx

4%

$203

Vacancy

3%

$152

Maintenance

4%

$203

Other

11%

$558

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