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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 Long-Term investment with a projected -9.71% first-year return on $52,500 initial cash invested.

-9.71%

Cash On Cash

4.64%

Cap Rate

0.73

DSCR

$1,478

Rent

-$425

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

$52,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,478

Total Expenses

$1,903

Mortgage P&I

89%

$1,317

Property Taxes

8%

$113

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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