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$3,268 (target)

19812 Madison Village Dr, Cornelius, NC 28031

3 beds • 3 baths • 1625 sqft

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This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $116k initial cash invested.

-7.28%

Cash On Cash

4.53%

Cap Rate

0.75

DSCR

$3,268

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,268 income − $3,973 expenses = $705 out of pocket

Income$3,268Out of Pocket$705Mortgage P&I$2,34272%Property Taxes$2207%Insurance$1826%HOA$1184%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%

Investment Breakdown

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Purchase Price

$468k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,580

Closing costs

1%

$4,679

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,268

Total Expenses

$3,973

Mortgage P&I

72%

$2,342

Property Taxes

7%

$220

Home Insurance

6%

$182

HOA

4%

$118

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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