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$8,696 (target)

17728 Jetton Green Loop, Cornelius, NC 28031

3 beds • 4 baths • 3027 sqft

$1,400,000

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This property looks like a bad Mid-Term investment with a projected -14.5% first-year return on $312k initial cash invested.

-14.5%

Cash On Cash

3.95%

Cap Rate

0.57

DSCR

$8,696

Rent

-$3,769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,696 income − $12,465 expenses = $3,769 out of pocket

Income$8,696Out of Pocket$3,769Mortgage P&I$8,02492%Property Taxes$7939%Insurance$4906%HOA$2002%Management$1,04412%CapEx$3484%Vacancy$2613%Maintenance$3484%Other$95711%

Investment Breakdown

|

Purchase Price

$1400k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$14,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,696

Total Expenses

$12,465

Mortgage P&I

92%

$8,024

Property Taxes

9%

$793

Home Insurance

6%

$490

HOA

2%

$200

Property Management

12%

$1,044

CapEx

4%

$348

Vacancy

3%

$261

Maintenance

4%

$348

Other

11%

$957

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