REI Lense

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$2,305 (target)

1132 New Day Ct, Charlotte, NC 28215

3 beds • 3 baths • 1905 sqft

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This property looks like a bad Long-Term investment with a projected -7.49% first-year return on $72,282 initial cash invested.

-7.49%

Cash On Cash

4.92%

Cap Rate

0.81

DSCR

$2,305

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $2,756 expenses = $451 out of pocket

Income$2,305Out of Pocket$451Mortgage P&I$1,74676%Property Taxes$2119%Insurance$1215%HOA$803%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,282

Downpayment

20%

$68,840

Closing costs

1%

$3,442

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,305

Total Expenses

$2,756

Mortgage P&I

76%

$1,746

Property Taxes

9%

$211

Home Insurance

5%

$121

HOA

3%

$80

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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