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Long-Term Rental Analysis
349 Kirby Dr, Charlotte, NC 28214
$225,0003 beds • 2 baths • 1046 sqft

This property looks like a bad Long-Term investment with a projected -4.62% first-year return on $47,250 initial cash invested.

Cash On Cash
-4.62%
Cap Rate
5.86%
Rent
$1,651
Cashflow
-$182
Rent Confidence:  High
Annual
$19,812
Median
$1,649
Avg
$1,651
Samples
25
Financing

Purchase Price  $225k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $47,250
Downpayment  $45,000
Closing costs  $2,250
Rehab  $0
Furnishing  $0
Cashflow

Total Income  $1,651
Total Expenses  $1,833
Mortgage P&I  $1,198
Property Taxes  $126
Home Insurance  $79
PManagement  $165
CapEx  $83
Vacancy  $99
Maintenance  $83
Other  $0
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