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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 Mid-Term investment with a projected -1.12% first-year return on $81,315 initial cash invested.

-1.12%

Cash On Cash

5.91%

Cap Rate

1.02

DSCR

$2,439

Rent

-$76

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

$81,315

Downpayment

20%

$60,300

Closing costs

1%

$3,015

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,439

Total Expenses

$2,515

Mortgage P&I

60%

$1,463

Property Taxes

5%

$114

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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