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$2,703 (target)

2141 Mallard Pointe Dr, Kannapolis, NC 28083

3 beds • 3 baths • 1454 sqft

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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $83,604 initial cash invested.

-2.37%

Cash On Cash

5.83%

Cap Rate

0.96

DSCR

$2,703

Rent

-$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,703 income − $2,868 expenses = $165 out of pocket

Income$2,703Out of Pocket$165Mortgage P&I$1,57558%Property Taxes$26510%Insurance$1104%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

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Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,604

Downpayment

20%

$62,480

Closing costs

1%

$3,124

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,703

Total Expenses

$2,868

Mortgage P&I

58%

$1,575

Property Taxes

10%

$265

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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