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$5,181 (target)

20845 Lagoona Dr, Cornelius, NC 28031

3 beds • 3 baths • 2327 sqft

$1,399,900

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This property looks like a bad Mid-Term investment with a projected -18.72% first-year return on $312k initial cash invested.

-18.72%

Cash On Cash

2.01%

Cap Rate

0.33

DSCR

$5,181

Rent

-$4,868

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,181 income − $10,049 expenses = $4,868 out of pocket

Income$5,181Out of Pocket$4,868Mortgage P&I$7,001135%Property Taxes$79315%Insurance$4909%HOA$4Management$62212%CapEx$2074%Vacancy$1553%Maintenance$2074%Other$57011%

Investment Breakdown

|

Purchase Price

$1400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$13,999

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,181

Total Expenses

$10,049

Mortgage P&I

135%

$7,001

Property Taxes

15%

$793

Home Insurance

9%

$490

HOA

0%

$4

Property Management

12%

$622

CapEx

4%

$207

Vacancy

3%

$155

Maintenance

4%

$207

Other

11%

$570

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