REI Lense

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$2,878 (target)

11715 Clems Branch Dr, Charlotte, NC 28277

3 beds • 3 baths • 2456 sqft

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This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $126k initial cash invested.

-15.09%

Cash On Cash

3.22%

Cap Rate

0.53

DSCR

$2,878

Rent

-$1,581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,878 income − $4,459 expenses = $1,581 out of pocket

Income$2,878Out of Pocket$1,581Mortgage P&I$3,046106%Property Taxes$36113%Insurance$2208%HOA$833%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,988

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,878

Total Expenses

$4,459

Mortgage P&I

106%

$3,046

Property Taxes

13%

$361

Home Insurance

8%

$220

HOA

3%

$83

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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