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1517 Summerville Rd, Charlotte, NC 28214

3 beds • 1 baths • 1076 sqft

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This property might be a fair Long-Term investment with a projected 4.66% first-year return on $38,850 initial cash invested.

4.66%

Cash On Cash

7.4%

Cap Rate

1.26

DSCR

$1,660

Rent

$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,660

Total Expenses

$1,509

Mortgage P&I

55%

$907

Property Taxes

6%

$105

Home Insurance

4%

$65

PManagement

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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Comparable Property

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SQFT

Distance

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2

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2

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5

4

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0.6 mi

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2

1

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0.9 mi

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5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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