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$1,802 (target)

2141 Mallard Pointe Dr, Kannapolis, NC 28083

3 beds • 3 baths • 1454 sqft

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This property looks like a bad Long-Term investment with a projected -11.27% first-year return on $65,604 initial cash invested.

-11.27%

Cash On Cash

4.03%

Cap Rate

0.67

DSCR

$1,802

Rent

-$616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,802 income − $2,418 expenses = $616 out of pocket

Income$1,802Out of Pocket$616Mortgage P&I$1,57587%Property Taxes$26515%Insurance$1106%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,604

Downpayment

20%

$62,480

Closing costs

1%

$3,124

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,802

Total Expenses

$2,418

Mortgage P&I

87%

$1,575

Property Taxes

15%

$265

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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