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$1,627 (target)

710 Ben Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1158 sqft

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This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $60,396 initial cash invested.

-14.82%

Cash On Cash

3.85%

Cap Rate

0.58

DSCR

$1,627

Rent

-$746

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,627 income − $2,373 expenses = $746 out of pocket

Income$1,627Out of Pocket$746Mortgage P&I$1,58798%Property Taxes$26116%Insurance$1026%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,396

Downpayment

20%

$57,520

Closing costs

1%

$2,876

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,627

Total Expenses

$2,373

Mortgage P&I

98%

$1,587

Property Taxes

16%

$261

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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