REI LenseREI Lense
  • Airbnb
  • Long-Term
  • Mid-Term
Long-Term Rental Analysis
3312 Lochway Ln, Charlotte, NC 28269
$221,0003 beds • 1 baths • 1042 sqft

This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $46,410 initial cash invested.

Cash On Cash
-6.1%
Cap Rate
5.52%
Rent
$1,540
Cashflow
-$236
Rent Confidence:  High
Annual
$18,480
Median
$1,550
Avg
$1,542
Samples
25
Financing

Purchase Price  $221k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $46,410
Downpayment  $44,200
Closing costs  $2,210
Rehab  $0
Furnishing  $0
Cashflow

Total Income  $1,540
Total Expenses  $1,776
Mortgage P&I  $1,176
Property Taxes  $123
Home Insurance  $77
PManagement  $154
CapEx  $77
Vacancy  $92
Maintenance  $77
Other  $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
13400 Pine Meadow Dr$14903110440.3 mi
23350 Misty Wood Dr$15953110400.4 mi
34643 Pineleaf Dr$14903110100.2 mi
44643 Pineleaf Dr, Unit 1$14903110100.2 mi
54412 Valeview Ln$14553110800.5 mi
64706 Monmouth Dr$1495319880.5 mi
74707 Woodstone Dr$1395319920.7 mi
82733 Fairstone Ave$15503110771.9 mi
94725 Woodstone Dr$1495319120.7 mi
102824 Dalecrest Dr$159531.510940.5 mi
113121 Iredell Dr$12503110822.4 mi
123615 Misty Wood Dr$149531.511480.4 mi
133519 Misty Wood Dr$15953210550.4 mi
145303 Collins St$13493210611.7 mi
153424 Kelsey Emma Ct$16503210161.8 mi
163637 Ernie Dr$13003211301.1 mi
173621 Ernie Dr$17953211341.1 mi
183413 Kelsey Emma Ct$16003210001.9 mi
193428 Nevin Brook Rd$14993211650.9 mi
204922 Elizabeth Rd$15903211800.8 mi
215320 Molly Elizabeth Ln$15703211001.9 mi
222336 Eargle Rd$16803211281.8 mi
233326 Dalecrest Dr$16503212840.1 mi
246031 Veckman Ct$16953211162.1 mi
252649 Allen Rd S$17853211921.2 mi