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$3,944 (target)

2914 W Cornwallis Dr, Greensboro, NC 27408

3 beds • 3 baths • 2282 sqft

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This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $120k initial cash invested.

-1.12%

Cash On Cash

6.06%

Cap Rate

1.02

DSCR

$3,944

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,944 income − $4,056 expenses = $112 out of pocket

Income$3,944Out of Pocket$112Mortgage P&I$2,40561%Property Taxes$1404%Insurance$1704%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,944

Total Expenses

$4,056

Mortgage P&I

61%

$2,405

Property Taxes

4%

$140

Home Insurance

4%

$170

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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