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2403 W C St, Kannapolis, NC 28081

3 beds • 2 baths • 1387 sqft

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This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $70,500 initial cash invested.

-0.95%

Cash On Cash

6.48%

Cap Rate

1.03

DSCR

$2,217

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,217

Total Expenses

$2,273

Mortgage P&I

59%

$1,317

Property Taxes

5%

$113

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

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