REI Lense

REI Lense

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$1,753 (target)

3016 Boston Ave, Charlotte, NC 28212

3 beds • 2 baths • 1306 sqft

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This property looks like a bad Long-Term investment with a projected -12.57% first-year return on $64,050 initial cash invested.

-12.57%

Cash On Cash

4.24%

Cap Rate

0.65

DSCR

$1,753

Rent

-$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,753 income − $2,424 expenses = $671 out of pocket

Income$1,753Out of Pocket$671Mortgage P&I$1,66195%Property Taxes$19511%Insurance$1126%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,753

Total Expenses

$2,424

Mortgage P&I

95%

$1,661

Property Taxes

11%

$195

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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