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$3,238 (target)

21121 Blakely Shores Dr, Cornelius, NC 28031

3 beds • 3 baths • 2908 sqft

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This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $180k initial cash invested.

-16.95%

Cash On Cash

2.61%

Cap Rate

0.44

DSCR

$3,238

Rent

-$2,538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,238 income − $5,776 expenses = $2,538 out of pocket

Income$3,238Out of Pocket$2,538Mortgage P&I$4,234131%Property Taxes$35311%Insurance$31210%HOA$351%Management$32410%CapEx$1625%Vacancy$1946%Maintenance$1625%

Investment Breakdown

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Purchase Price

$856k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$180k

Downpayment

20%

$171k

Closing costs

1%

$8,557

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,238

Total Expenses

$5,776

Mortgage P&I

131%

$4,234

Property Taxes

11%

$353

Home Insurance

10%

$312

HOA

1%

$35

Property Management

10%

$324

CapEx

5%

$162

Vacancy

6%

$194

Maintenance

5%

$162

Other

0%

$0

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