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$5,265 (target)

1315 Holmes Dr, Charlotte, NC 28209

3 beds • 3 baths • 2722 sqft

$1,401,500

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This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $294k initial cash invested.

-16.51%

Cash On Cash

2.67%

Cap Rate

0.45

DSCR

$5,265

Rent

-$4,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,265 income − $9,314 expenses = $4,049 out of pocket

Income$5,265Out of Pocket$4,049Mortgage P&I$6,903131%Property Taxes$51810%Insurance$52510%Management$52610%CapEx$2635%Vacancy$3166%Maintenance$2635%

Investment Breakdown

|

Purchase Price

$1402k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$294k

Downpayment

20%

$280k

Closing costs

1%

$14,015

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,265

Total Expenses

$9,314

Mortgage P&I

131%

$6,903

Property Taxes

10%

$518

Home Insurance

10%

$525

HOA

0%

$0

Property Management

10%

$526

CapEx

5%

$263

Vacancy

6%

$316

Maintenance

5%

$263

Other

0%

$0

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