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$2,770 (target)

14700 August Ln, Charlotte, NC 28227

3 beds • 2 baths • 1255 sqft

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This property might be a fair Mid-Term investment with a projected 2.42% first-year return on $76,905 initial cash invested.

2.42%

Cash On Cash

7.29%

Cap Rate

1.18

DSCR

$2,770

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,770 income − $2,615 expenses = $155 cash flow

Income$2,770Mortgage P&I$1,43852%Property Taxes$1335%Insurance$1024%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%Cash Flow$155

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,905

Downpayment

20%

$56,100

Closing costs

1%

$2,805

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,770

Total Expenses

$2,615

Mortgage P&I

52%

$1,438

Property Taxes

5%

$133

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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