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$4,860 (target)

409 Scaleybark Rd, Charlotte, NC 28209

3 beds • 3 baths • 2019 sqft

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This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $197k initial cash invested.

-10.67%

Cash On Cash

3.7%

Cap Rate

0.63

DSCR

$4,860

Rent

-$1,747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,860 income − $6,607 expenses = $1,747 out of pocket

Income$4,860Out of Pocket$1,747Mortgage P&I$4,17586%Property Taxes$48210%Insurance$2986%Management$58312%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53511%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,860

Total Expenses

$6,607

Mortgage P&I

86%

$4,175

Property Taxes

10%

$482

Home Insurance

6%

$298

HOA

0%

$0

Property Management

12%

$583

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$535

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