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Long-Term Rental Analysis
2816 Wedgefield Dr, Charlotte, NC 28208
$250,0003 beds • 1 baths • 1180 sqft

This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $52,500 initial cash invested.

Cash On Cash
-7.91%
Cap Rate
4.9%
Rent
$1,580
Cashflow
-$346
Financing

Purchase Price  $250k
Downpayment  20.0%
Interest Rate  6.7%
Mortgage Duration  30yr.
Cash To Invest

Total  $52,500
Downpayment  20% $50,000
Closing costs  1% $2,500
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,580
Total Expenses  $1,926
Mortgage P&I  81% $1,287
Property Taxes  9% $140
Home Insurance  6% $88
PManagement  10% $158
CapEx  5% $79
Vacancy  6% $95
Maintenance  5% $79
Other  0% $0
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Projections