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5119 Teakwood Dr, Kannapolis, NC 28083

3 beds • 2 baths • 1463 sqft

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This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $80,304 initial cash invested.

-13.11%

Cash On Cash

3.39%

Cap Rate

0.58

DSCR

$1,780

Rent

-$877

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,304

Downpayment

20%

$76,480

Closing costs

1%

$3,824

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,780

Total Expenses

$2,657

Mortgage P&I

105%

$1,869

Property Taxes

11%

$190

Home Insurance

8%

$135

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2146 Clear Brooke Dr, Kannapolis, NC 28083

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2

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2

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3.4 mi

2546 Echerd St, Kannapolis, NC 28083

$2,180

3

2

1415

3 mi

104 W Rancho Del Cerro

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4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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