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$2,662 (target)

204 S East Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1385 sqft

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This property might be a fair Mid-Term investment with a projected 0.27% first-year return on $75,834 initial cash invested.

0.27%

Cash On Cash

6.55%

Cap Rate

1.09

DSCR

$2,662

Rent

$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,662 income − $2,645 expenses = $17 cash flow

Income$2,662Mortgage P&I$1,38052%Property Taxes$26310%Insurance$984%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%Cash Flow$17

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,834

Downpayment

20%

$55,080

Closing costs

1%

$2,754

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,662

Total Expenses

$2,645

Mortgage P&I

52%

$1,380

Property Taxes

10%

$263

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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