REI Lense

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$2,311 (target)

3404 Passour Ridge Ln, Charlotte, NC 28269

3 beds • 3 baths • 1952 sqft

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This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $72,345 initial cash invested.

-7.81%

Cash On Cash

5.15%

Cap Rate

0.81

DSCR

$2,311

Rent

-$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,311 income − $2,782 expenses = $471 out of pocket

Income$2,311Out of Pocket$471Mortgage P&I$1,83379%Property Taxes$22510%Insurance$1225%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,345

Downpayment

20%

$68,900

Closing costs

1%

$3,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,311

Total Expenses

$2,782

Mortgage P&I

79%

$1,833

Property Taxes

10%

$225

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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