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$4,936 (target)

17120 Players Ridge Dr, Cornelius, NC 28031

3 beds • 3 baths • 2456 sqft

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This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $207k initial cash invested.

-12.76%

Cash On Cash

3.26%

Cap Rate

0.55

DSCR

$4,936

Rent

-$2,199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,936 income − $7,135 expenses = $2,199 out of pocket

Income$4,936Out of Pocket$2,199Mortgage P&I$4,44490%Property Taxes$53011%Insurance$3277%HOA$1573%Management$59212%CapEx$1974%Vacancy$1483%Maintenance$1974%Other$54311%

Investment Breakdown

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Purchase Price

$899k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$8,987

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,936

Total Expenses

$7,135

Mortgage P&I

90%

$4,444

Property Taxes

11%

$530

Home Insurance

7%

$327

HOA

3%

$157

Property Management

12%

$592

CapEx

4%

$197

Vacancy

3%

$148

Maintenance

4%

$197

Other

11%

$543

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