REI Lense

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$2,076 (target)

2010 Red Ash Dr, Charlotte, NC 28215

3 beds • 3 baths • 1952 sqft

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This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $83,937 initial cash invested.

-15.65%

Cash On Cash

3.47%

Cap Rate

0.54

DSCR

$2,076

Rent

-$1,095

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,076 income − $3,171 expenses = $1,095 out of pocket

Income$2,076Out of Pocket$1,095Mortgage P&I$2,147103%Property Taxes$26813%Insurance$1407%HOA$754%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,937

Downpayment

20%

$79,940

Closing costs

1%

$3,997

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,076

Total Expenses

$3,171

Mortgage P&I

103%

$2,147

Property Taxes

13%

$268

Home Insurance

7%

$140

HOA

4%

$75

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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