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$3,417 (target)

8927 Scarsdale Dr, Mint Hill, NC 28227

3 beds • 2 baths • 2031 sqft

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This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $118k initial cash invested.

-5.68%

Cash On Cash

4.94%

Cap Rate

0.82

DSCR

$3,417

Rent

-$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,417 income − $3,974 expenses = $557 out of pocket

Income$3,417Out of Pocket$557Mortgage P&I$2,37670%Property Taxes$2698%Insurance$1665%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,417

Total Expenses

$3,974

Mortgage P&I

70%

$2,376

Property Taxes

8%

$269

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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