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$3,148 (target)

2943 Parkwest Dr, Albemarle, NC 28001

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Mid-Term investment with a projected -0.34% first-year return on $89,337 initial cash invested.

-0.34%

Cash On Cash

6.38%

Cap Rate

1.06

DSCR

$3,148

Rent

-$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,148 income − $3,173 expenses = $25 out of pocket

Income$3,148Out of Pocket$25Mortgage P&I$1,70554%Property Taxes$2699%Insurance$1214%HOA$8Management$37812%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,337

Downpayment

20%

$67,940

Closing costs

1%

$3,397

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,148

Total Expenses

$3,173

Mortgage P&I

54%

$1,705

Property Taxes

9%

$269

Home Insurance

4%

$121

HOA

0%

$8

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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