REI Lense

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$2,345 (target)

1100 Turnbridge Rd, Charlotte, NC 28226

3 beds • 2 baths • 1857 sqft

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This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $105k initial cash invested.

-16.23%

Cash On Cash

3.33%

Cap Rate

0.52

DSCR

$2,345

Rent

-$1,420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,345 income − $3,765 expenses = $1,420 out of pocket

Income$2,345Out of Pocket$1,420Mortgage P&I$2,691115%Property Taxes$29012%Insurance$1757%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,345

Total Expenses

$3,765

Mortgage P&I

115%

$2,691

Property Taxes

12%

$290

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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