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$2,978 (target)

415 Courtland Ct, Kannapolis, NC 28081

3 beds • 3 baths • 1845 sqft

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This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $99,375 initial cash invested.

-5.59%

Cash On Cash

4.88%

Cap Rate

0.82

DSCR

$2,978

Rent

-$463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,978 income − $3,441 expenses = $463 out of pocket

Income$2,978Out of Pocket$463Mortgage P&I$1,92165%Property Taxes$35712%Insurance$1385%HOA$13Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

|

Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,375

Downpayment

20%

$77,500

Closing costs

1%

$3,875

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,978

Total Expenses

$3,441

Mortgage P&I

65%

$1,921

Property Taxes

12%

$357

Home Insurance

5%

$138

HOA

0%

$13

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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