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$4,072 (target)

21325 Summerbrook Dr, Cornelius, NC 28031

3 beds • 2 baths • 2096 sqft

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This property looks like a bad Mid-Term investment with a projected -13.98% first-year return on $179k initial cash invested.

-13.98%

Cash On Cash

3.55%

Cap Rate

0.54

DSCR

$4,072

Rent

-$2,087

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,072 income − $6,159 expenses = $2,087 out of pocket

Income$4,072Out of Pocket$2,087Mortgage P&I$4,194103%Property Taxes$3108%Insurance$2456%HOA$251%Management$48912%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44811%

Investment Breakdown

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Purchase Price

$767k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$179k

Downpayment

20%

$153k

Closing costs

1%

$7,673

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,072

Total Expenses

$6,159

Mortgage P&I

103%

$4,194

Property Taxes

8%

$310

Home Insurance

6%

$245

HOA

1%

$25

Property Management

12%

$489

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$448

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