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1909 Glenwood St, Kannapolis, NC 28083

3 beds • 2 baths • 1280 sqft

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This property looks like a bad Mid-Term investment with a projected -5.79% first-year return on $78,900 initial cash invested.

-5.79%

Cash On Cash

4.53%

Cap Rate

0.78

DSCR

$1,947

Rent

-$381

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,947

Total Expenses

$2,328

Mortgage P&I

72%

$1,398

Property Taxes

9%

$166

Home Insurance

5%

$102

HOA

0%

$0

Property Management

12%

$234

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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