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This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $50,400 initial cash invested.
-6.62%
Cash On Cash
4.9%
Cap Rate
0.83
DSCR
$1,510
Rent
-$278
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,510
Total Expenses
$1,788
Mortgage P&I
78%
$1,182
Property Taxes
8%
$128
Home Insurance
6%
$84
PManagement
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
3308 Credenza Rd, Charlotte, NC 28208 | $1,675 | 3 | 1 | 1115 | 0.1 mi |
1224 Camp Greene St, Charlotte, NC 28208 | $1,195 | 3 | 1 | 1100 | 0.5 mi |
3955 Tillman Rd, Charlotte, NC 28208 | $1,465 | 3 | 1 | 1066 | 0.9 mi |
2615 Amber Dr, Charlotte, NC 28208 | $1,395 | 3 | 1 | 1028 | 0.4 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality