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$2,840 (target)

2205 Pennsylvania Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1964 sqft

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This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $81,357 initial cash invested.

-0.53%

Cash On Cash

6.97%

Cap Rate

1.05

DSCR

$2,840

Rent

-$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,840 income − $2,876 expenses = $36 out of pocket

Income$2,840Out of Pocket$36Mortgage P&I$1,67559%Property Taxes$1305%Insurance$1054%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31211%

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,357

Downpayment

20%

$60,340

Closing costs

1%

$3,017

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,840

Total Expenses

$2,876

Mortgage P&I

59%

$1,675

Property Taxes

5%

$130

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$312

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