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$3,243 (target)

9909 Sunway Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1610 sqft

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This property might be a fair Mid-Term investment with a projected 1.81% first-year return on $86,985 initial cash invested.

1.81%

Cash On Cash

7.15%

Cap Rate

1.15

DSCR

$3,243

Rent

$131

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,243 income − $3,112 expenses = $131 cash flow

Income$3,243Mortgage P&I$1,69752%Property Taxes$1936%Insurance$1194%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%Cash Flow$131

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,985

Downpayment

20%

$65,700

Closing costs

1%

$3,285

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,243

Total Expenses

$3,112

Mortgage P&I

52%

$1,697

Property Taxes

6%

$193

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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