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$1,992 (target)

905 Mingo Pl, Knightdale, NC 27545

3 beds • 3 baths • 2003 sqft

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This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $70,581 initial cash invested.

-10.46%

Cash On Cash

4.25%

Cap Rate

0.7

DSCR

$1,992

Rent

-$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,992 income − $2,607 expenses = $615 out of pocket

Income$1,992Out of Pocket$615Mortgage P&I$1,70586%Property Taxes$21811%Insurance$1226%HOA$432%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,581

Downpayment

20%

$67,220

Closing costs

1%

$3,361

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,992

Total Expenses

$2,607

Mortgage P&I

86%

$1,705

Property Taxes

11%

$218

Home Insurance

6%

$122

HOA

2%

$43

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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