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$4,700 (target)

18745 Daymark Dr, Cornelius, NC 28031

3 beds • 3 baths • 2703 sqft

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This property looks like a bad Mid-Term investment with a projected -9.48% first-year return on $167k initial cash invested.

-9.48%

Cash On Cash

4.06%

Cap Rate

0.68

DSCR

$4,700

Rent

-$1,318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,700 income − $6,018 expenses = $1,318 out of pocket

Income$4,700Out of Pocket$1,318Mortgage P&I$3,52975%Property Taxes$2806%Insurance$2545%HOA$3578%Management$56412%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51711%

Investment Breakdown

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Purchase Price

$709k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$167k

Downpayment

20%

$142k

Closing costs

1%

$7,085

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,700

Total Expenses

$6,018

Mortgage P&I

75%

$3,529

Property Taxes

6%

$280

Home Insurance

5%

$254

HOA

8%

$357

Property Management

12%

$564

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$517

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