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$3,396 (target)

3634 New Town Rd, Waxhaw, NC 28173

3 beds • 3 baths • 2324 sqft

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This property looks like a bad Mid-Term investment with a projected -11.04% first-year return on $135k initial cash invested.

-11.04%

Cash On Cash

4.2%

Cap Rate

0.64

DSCR

$3,396

Rent

-$1,246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,396 income − $4,642 expenses = $1,246 out of pocket

Income$3,396Out of Pocket$1,246Mortgage P&I$3,06890%Property Taxes$2176%Insurance$2016%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$112k

Closing costs

1%

$5,591

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,396

Total Expenses

$4,642

Mortgage P&I

90%

$3,068

Property Taxes

6%

$217

Home Insurance

6%

$201

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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