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17747 N Shore Cir, Cornelius, NC 28031

3 beds • 3 baths • 2356 sqft

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This property looks like a bad Long-Term investment with a projected -9.42% first-year return on $120k initial cash invested.

-9.42%

Cash On Cash

4.2%

Cap Rate

0.72

DSCR

$3,290

Rent

-$939

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,290

Total Expenses

$4,229

Mortgage P&I

84%

$2,769

Property Taxes

10%

$323

Home Insurance

6%

$200

HOA

3%

$83

Property Management

10%

$329

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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