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$8,168 (target)

20919 Island Forest Dr, Cornelius, NC 28031

3 beds • 3 baths • 4107 sqft

$1,833,500

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This property looks like a bad Mid-Term investment with a projected -18.94% first-year return on $403k initial cash invested.

-18.94%

Cash On Cash

2.61%

Cap Rate

0.4

DSCR

$8,168

Rent

-$6,362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,168 income − $14,530 expenses = $6,362 out of pocket

Income$8,168Out of Pocket$6,362Mortgage P&I$10,016123%Property Taxes$1,07413%Insurance$6638%Management$98012%CapEx$3274%Vacancy$2453%Maintenance$3274%Other$89811%

Investment Breakdown

|

Purchase Price

$1834k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$403k

Downpayment

20%

$367k

Closing costs

1%

$18,335

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,168

Total Expenses

$14,530

Mortgage P&I

123%

$10,016

Property Taxes

13%

$1,074

Home Insurance

8%

$663

HOA

0%

$0

Property Management

12%

$980

CapEx

4%

$327

Vacancy

3%

$245

Maintenance

4%

$327

Other

11%

$898

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