REI Lense

REI Lense

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$3,172 (target)

3042 Meadow Knoll Dr, Charlotte, NC 28269

3 beds • 3 baths • 2075 sqft

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This property might be a fair Mid-Term investment with a projected 1.11% first-year return on $88,329 initial cash invested.

1.11%

Cash On Cash

6.72%

Cap Rate

1.13

DSCR

$3,172

Rent

$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,329

Downpayment

20%

$66,980

Closing costs

1%

$3,349

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,172

Total Expenses

$3,090

Mortgage P&I

53%

$1,667

Property Taxes

7%

$225

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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