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3812 Martele Dr, Mint Hill, NC 28227

3 beds • 3 baths • 2549 sqft

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This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $132k initial cash invested.

-4.93%

Cash On Cash

4.93%

Cap Rate

0.85

DSCR

$3,958

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$544k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,443

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,958

Total Expenses

$4,502

Mortgage P&I

66%

$2,624

Property Taxes

8%

$298

Home Insurance

5%

$192

HOA

1%

$43

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

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