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2929 Charles Ct, Lincolnton, NC 28092

3 beds • 2 baths • 1245 sqft

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This property looks like a bad Long-Term investment with a projected -9.14% first-year return on $63,315 initial cash invested.

-9.14%

Cash On Cash

4.23%

Cap Rate

0.73

DSCR

$1,626

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,315

Downpayment

20%

$60,300

Closing costs

1%

$3,015

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,626

Total Expenses

$2,108

Mortgage P&I

90%

$1,463

Property Taxes

7%

$114

Home Insurance

7%

$108

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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