REI Lense

REI Lense

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$2,234 (target)

2908 Burgess Dr, Charlotte, NC 28208

3 beds • 3 baths • 1468 sqft

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This property looks like a bad Long-Term investment with a projected -8.35% first-year return on $71,673 initial cash invested.

-8.35%

Cash On Cash

5.08%

Cap Rate

0.79

DSCR

$2,234

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,234 income − $2,733 expenses = $499 out of pocket

Income$2,234Out of Pocket$499Mortgage P&I$1,83382%Property Taxes$1989%Insurance$1215%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,234

Total Expenses

$2,733

Mortgage P&I

82%

$1,833

Property Taxes

9%

$198

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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