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21307 Island Forest Dr, Cornelius, NC 28031

3 beds • 3 baths • 2413 sqft

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This property looks like a bad Mid-Term investment with a projected -9.89% first-year return on $181k initial cash invested.

-9.89%

Cash On Cash

3.78%

Cap Rate

0.65

DSCR

$4,544

Rent

-$1,492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$776k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$181k

Downpayment

20%

$155k

Closing costs

1%

$7,764

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,544

Total Expenses

$6,036

Mortgage P&I

83%

$3,758

Property Taxes

10%

$453

Home Insurance

6%

$280

HOA

0%

$0

Property Management

12%

$545

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$500

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