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1519 Providence Rd, Charlotte, NC 28207

3 beds • 2 baths • 2260 sqft

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This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $196k initial cash invested.

-14.31%

Cash On Cash

3.17%

Cap Rate

0.54

DSCR

$4,300

Rent

-$2,339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$934k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$187k

Closing costs

1%

$9,343

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,300

Total Expenses

$6,639

Mortgage P&I

107%

$4,595

Property Taxes

14%

$590

Home Insurance

8%

$336

HOA

0%

$0

Property Management

10%

$430

CapEx

5%

$215

Vacancy

6%

$258

Maintenance

5%

$215

Other

0%

$0

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