REI Lense

REI Lense

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$2,551 (target)

433 Wilby Dr, Charlotte, NC 28270

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $124k initial cash invested.

-18.44%

Cash On Cash

2.93%

Cap Rate

0.45

DSCR

$2,551

Rent

-$1,908

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,551 income − $4,459 expenses = $1,908 out of pocket

Income$2,551Out of Pocket$1,908Mortgage P&I$3,223126%Property Taxes$35414%Insurance$2189%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$591k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,913

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,551

Total Expenses

$4,459

Mortgage P&I

126%

$3,223

Property Taxes

14%

$354

Home Insurance

9%

$218

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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