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$5,688 (target)

1916 S Mint St, Charlotte, NC 28203

3 beds • 3 baths • 2024 sqft

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This property looks like a bad Mid-Term investment with a projected -10.19% first-year return on $216k initial cash invested.

-10.19%

Cash On Cash

3.95%

Cap Rate

0.66

DSCR

$5,688

Rent

-$1,838

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,688 income − $7,526 expenses = $1,838 out of pocket

Income$5,688Out of Pocket$1,838Mortgage P&I$4,72083%Property Taxes$5299%Insurance$3416%Management$68312%CapEx$2284%Vacancy$1713%Maintenance$2284%Other$62611%

Investment Breakdown

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Purchase Price

$945k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$216k

Downpayment

20%

$189k

Closing costs

1%

$9,452

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,688

Total Expenses

$7,526

Mortgage P&I

83%

$4,720

Property Taxes

9%

$529

Home Insurance

6%

$341

HOA

0%

$0

Property Management

12%

$683

CapEx

4%

$228

Vacancy

3%

$171

Maintenance

4%

$228

Other

11%

$626

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