REI Lense

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$2,370 (target)

1401 Worcaster Pl, Charlotte, NC 28211

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -20.55% first-year return on $170k initial cash invested.

-20.55%

Cash On Cash

1.85%

Cap Rate

0.31

DSCR

$2,370

Rent

-$2,915

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,370 income − $5,285 expenses = $2,915 out of pocket

Income$2,370Out of Pocket$2,915Mortgage P&I$4,049171%Property Taxes$32914%Insurance$29212%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$811k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$162k

Closing costs

1%

$8,107

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,370

Total Expenses

$5,285

Mortgage P&I

171%

$4,049

Property Taxes

14%

$329

Home Insurance

12%

$292

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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