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9630 Hannon Rd, Mint Hill, NC 28227

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $73,164 initial cash invested.

-9.35%

Cash On Cash

4.2%

Cap Rate

0.72

DSCR

$1,955

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,164

Downpayment

20%

$69,680

Closing costs

1%

$3,484

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,955

Total Expenses

$2,525

Mortgage P&I

87%

$1,691

Property Taxes

10%

$201

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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