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3630 Durham Ln, Charlotte, NC 28269

2 beds • 1 baths • 1005 sqft

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This property looks like a bad Long-Term investment with a projected -4.83% first-year return on $47,250 initial cash invested.

-4.83%

Cash On Cash

5.5%

Cap Rate

0.9

DSCR

$1,550

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,550

Total Expenses

$1,740

Mortgage P&I

74%

$1,144

Property Taxes

7%

$113

Home Insurance

5%

$79

PManagement

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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Distance

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2

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3613 Durham Ln, Charlotte, NC 28269

$1,500

2

1

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4

2

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5

4

3030

0.6 mi

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2

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2020

0.9 mi

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$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

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0.6 mi

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