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Project Rental Revenue For Any Address

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Long-Term Rental Analysis
1217 Weldon Ave, Charlotte, NC 28205
$189,900 • 2 beds • 1 baths • 840 sqft

This property looks like a bad Long-Term investment with a projected -5.24% first-year return on $39,879 initial cash invested.

Cash On Cash
-5.24%
Cap Rate
5.72%
Rent
$1,363
Cashflow
-$174
Rent Confidence:  High
Annual
$16,356
Median
$1,300
Avg
$1,364
Samples
25
Financing
Purchase Price  $190k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $39,879
Downpayment  20% $37,980
Closing costs  1% $1,899
Rehab  0% $0
Furnishing  0% $0
Cashflow
Total Income  $1,363
Total Expenses  $1,537
Mortgage P&I  74% $1,011
Property Taxes  8% $106
Home Insurance  5% $66
PManagement  10% $136
CapEx  5% $68
Vacancy  6% $82
Maintenance  5% $68
Other  0% $0
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Projections