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$2,631 (target)

841 Murphy St, Kannapolis, NC 28081

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $90,450 initial cash invested.

-4.59%

Cash On Cash

5.14%

Cap Rate

0.86

DSCR

$2,631

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $2,977 expenses = $346 out of pocket

Income$2,631Out of Pocket$346Mortgage P&I$1,71865%Property Taxes$2449%Insurance$1215%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,631

Total Expenses

$2,977

Mortgage P&I

65%

$1,718

Property Taxes

9%

$244

Home Insurance

5%

$121

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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