REI Lense

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$3,324 (target)

4522 Bright Rd, Charlotte, NC 28214

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $109k initial cash invested.

-5.35%

Cash On Cash

5.01%

Cap Rate

0.84

DSCR

$3,324

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,324 income − $3,810 expenses = $486 out of pocket

Income$3,324Out of Pocket$486Mortgage P&I$2,16565%Property Taxes$2427%Insurance$1525%HOA$1204%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,760

Closing costs

1%

$4,338

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,324

Total Expenses

$3,810

Mortgage P&I

65%

$2,165

Property Taxes

7%

$242

Home Insurance

5%

$152

HOA

4%

$120

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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