REI Lense

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$1,680 (target)

117 Farmhurst Dr, Charlotte, NC 28217

3 beds • 1 baths • 1045 sqft

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This property looks like a bad Long-Term investment with a projected -4.04% first-year return on $47,229 initial cash invested.

-4.04%

Cash On Cash

5.99%

Cap Rate

0.94

DSCR

$1,680

Rent

-$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,680 income − $1,839 expenses = $159 out of pocket

Income$1,680Out of Pocket$159Mortgage P&I$1,19771%Property Taxes$1268%Insurance$795%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,680

Total Expenses

$1,839

Mortgage P&I

71%

$1,197

Property Taxes

8%

$126

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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