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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 Mid-Term investment with a projected -7.09% first-year return on $214k initial cash invested.

-7.09%

Cash On Cash

4.61%

Cap Rate

0.78

DSCR

$6,450

Rent

-$1,265

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

$214k

Downpayment

20%

$187k

Closing costs

1%

$9,343

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,450

Total Expenses

$7,715

Mortgage P&I

71%

$4,595

Property Taxes

9%

$590

Home Insurance

5%

$336

HOA

0%

$0

Property Management

12%

$774

CapEx

4%

$258

Vacancy

3%

$194

Maintenance

4%

$258

Other

11%

$710

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