REI Lense

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$2,977 (target)

1801 Tippah Ave, Charlotte, NC 28205

3 beds • 3 baths • 1844 sqft

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This property looks like a bad Long-Term investment with a projected -20.34% first-year return on $176k initial cash invested.

-20.34%

Cash On Cash

2.39%

Cap Rate

0.37

DSCR

$2,977

Rent

-$2,990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,977 income − $5,967 expenses = $2,990 out of pocket

Income$2,977Out of Pocket$2,990Mortgage P&I$4,511152%Property Taxes$39213%Insurance$28910%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$840k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$168k

Closing costs

1%

$8,401

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,977

Total Expenses

$5,967

Mortgage P&I

152%

$4,511

Property Taxes

13%

$392

Home Insurance

10%

$289

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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