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$4,857 (target)

21121 Blakely Shores Dr, Cornelius, NC 28031

3 beds • 3 baths • 2908 sqft

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This property looks like a bad Mid-Term investment with a projected -10.49% first-year return on $198k initial cash invested.

-10.49%

Cash On Cash

3.79%

Cap Rate

0.64

DSCR

$4,857

Rent

-$1,728

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,857 income − $6,585 expenses = $1,728 out of pocket

Income$4,857Out of Pocket$1,728Mortgage P&I$4,23487%Property Taxes$3537%Insurance$3126%HOA$351%Management$58312%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53411%

Investment Breakdown

|

Purchase Price

$856k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$171k

Closing costs

1%

$8,557

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,857

Total Expenses

$6,585

Mortgage P&I

87%

$4,234

Property Taxes

7%

$353

Home Insurance

6%

$312

HOA

1%

$35

Property Management

12%

$583

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$534

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