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$4,239 (target)

1815 Dearmon Dr, Charlotte, NC 28205

3 beds • 3 baths • 2944 sqft

$1,103,900

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This property looks like a bad Mid-Term investment with a projected -18.05% first-year return on $250k initial cash invested.

-18.05%

Cash On Cash

2.2%

Cap Rate

0.36

DSCR

$4,239

Rent

-$3,757

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,239 income − $7,996 expenses = $3,757 out of pocket

Income$4,239Out of Pocket$3,757Mortgage P&I$5,613132%Property Taxes$53913%Insurance$4029%Management$50912%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46611%

Investment Breakdown

|

Purchase Price

$1104k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$250k

Downpayment

20%

$221k

Closing costs

1%

$11,039

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,239

Total Expenses

$7,996

Mortgage P&I

132%

$5,613

Property Taxes

13%

$539

Home Insurance

9%

$402

HOA

0%

$0

Property Management

12%

$509

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$466

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