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5145 McSweeney Ln, Kannapolis, NC 28081

3 beds • 2 baths • 1711 sqft

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This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $87,990 initial cash invested.

-18.62%

Cash On Cash

2.27%

Cap Rate

0.39

DSCR

$1,950

Rent

-$1,365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,990

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,950

Total Expenses

$3,315

Mortgage P&I

106%

$2,061

Property Taxes

20%

$398

Home Insurance

8%

$149

HOA

10%

$199

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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2.5

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0.2 mi

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$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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