REI Lense

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$2,760 (target)

2334 Oberwood Dr, Charlotte, NC 28270

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -11% first-year return on $107k initial cash invested.

-11%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$2,760

Rent

-$984

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,760 income − $3,744 expenses = $984 out of pocket

Income$2,760Out of Pocket$984Mortgage P&I$2,52591%Property Taxes$29811%Insurance$1847%HOA$191%Management$27610%CapEx$1385%Vacancy$1666%Maintenance$1385%

Investment Breakdown

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Purchase Price

$511k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,112

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,760

Total Expenses

$3,744

Mortgage P&I

91%

$2,525

Property Taxes

11%

$298

Home Insurance

7%

$184

HOA

1%

$19

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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