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$2,165 (target)

2448 Morton St, Charlotte, NC 28208

3 beds • 2 baths • 1530 sqft

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This property looks like a bad Long-Term investment with a projected -16.99% first-year return on $116k initial cash invested.

-16.99%

Cash On Cash

2.6%

Cap Rate

0.44

DSCR

$2,165

Rent

-$1,637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,165 income − $3,802 expenses = $1,637 out of pocket

Income$2,165Out of Pocket$1,637Mortgage P&I$2,720126%Property Taxes$32415%Insurance$1969%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$551k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,506

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,165

Total Expenses

$3,802

Mortgage P&I

126%

$2,720

Property Taxes

15%

$324

Home Insurance

9%

$196

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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