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$3,003 (target)

3917 Lake Rd, Charlotte, NC 28269

3 beds • 2 baths • 1587 sqft

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This property might be a fair Mid-Term investment with a projected 0.68% first-year return on $80,685 initial cash invested.

0.68%

Cash On Cash

7.33%

Cap Rate

1.1

DSCR

$3,003

Rent

$46

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,003 income − $2,957 expenses = $46 cash flow

Income$3,003Mortgage P&I$1,65755%Property Taxes$1736%Insurance$1074%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$46

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,685

Downpayment

20%

$59,700

Closing costs

1%

$2,985

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,003

Total Expenses

$2,957

Mortgage P&I

55%

$1,657

Property Taxes

6%

$173

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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