REI Lense

REI Lense

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$2,216 (target)

4522 Bright Rd, Charlotte, NC 28214

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $91,098 initial cash invested.

-13.7%

Cash On Cash

3.42%

Cap Rate

0.57

DSCR

$2,216

Rent

-$1,040

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $3,256 expenses = $1,040 out of pocket

Income$2,216Out of Pocket$1,040Mortgage P&I$2,16598%Property Taxes$24211%Insurance$1527%HOA$1205%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,098

Downpayment

20%

$86,760

Closing costs

1%

$4,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,216

Total Expenses

$3,256

Mortgage P&I

98%

$2,165

Property Taxes

11%

$242

Home Insurance

7%

$152

HOA

5%

$120

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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