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2942 Reid Ave, Charlotte, NC 28208

3 beds • 1 baths • 1160 sqft

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This property might be a fair Long-Term investment with a projected 2.48% first-year return on $37,800 initial cash invested.

2.48%

Cash On Cash

7.37%

Cap Rate

1.17

DSCR

$1,600

Rent

$78

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,600

Total Expenses

$1,522

Mortgage P&I

59%

$947

Property Taxes

6%

$96

Home Insurance

4%

$63

PManagement

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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