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$3,435 (target)

2538 Arnold Dr, Charlotte, NC 28205

3 beds • 2 baths • 1943 sqft

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This property looks like a bad Mid-Term investment with a projected -13.24% first-year return on $146k initial cash invested.

-13.24%

Cash On Cash

3.64%

Cap Rate

0.56

DSCR

$3,435

Rent

-$1,615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,435 income − $5,050 expenses = $1,615 out of pocket

Income$3,435Out of Pocket$1,615Mortgage P&I$3,33197%Property Taxes$33510%Insurance$2176%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%

Investment Breakdown

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Purchase Price

$611k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,111

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,435

Total Expenses

$5,050

Mortgage P&I

97%

$3,331

Property Taxes

10%

$335

Home Insurance

6%

$217

HOA

0%

$0

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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