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Long-Term Rental Analysis
4524 Morgan St, Charlotte, NC 28208
$235,0003 beds • 1 baths • 1014 sqft

This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $49,350 initial cash invested.

Cash On Cash
-8.66%
Cap Rate
4.95%
Rent
$1,478
Cashflow
-$356
Rent Confidence:  High
Annual
$17,736
Median
$1,495
Avg
$1,478
Samples
25
Financing

Purchase Price  $235k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $49,350
Downpayment  20% $47,000
Closing costs  1% $2,350
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,478
Total Expenses  $1,834
Mortgage P&I  85% $1,251
Property Taxes  8% $116
Home Insurance  6% $82
PManagement  10% $148
CapEx  5% $74
Vacancy  6% $89
Maintenance  5% $74
Other  0% $0
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#Comparable PropertyRentBedsBathsSQFTDistance
14332 Welling Ave$15003110000.4 mi
24164 Welling Ave$13253110140.7 mi
3322 S Ramsey St$15503110600.2 mi
4520 Porter St$13953110560.4 mi
5912 Lewiston Ave$15003110000.9 mi
64148 Welling Ave$1500319780.8 mi
74714 Ridgeley Dr$15503110880.3 mi
84316 Hovis Rd$13953110920.3 mi
94400 Welling Ave$1395319500.4 mi
101409 Weststone Dr$14493110281.2 mi
11641 Reeves Ct$14753110680.7 mi
124912 Morgan St$1680319500.5 mi
134200 Rochelle Ln$13953110770.6 mi
144318 Toluca Pl$19903111000.4 mi
154953 Winchester St$1545319500.7 mi
164908 Winchester St$14953111100.5 mi
173905 Tillman Rd$1500319801.3 mi
184927 Morgan St$1395319250.6 mi
19312 N Linwood Ave$1459319601.2 mi
204829 Ridgeley Dr$155031.59780.2 mi
213910 Barlowe Rd$1435319501.3 mi
224600 Ridgeley Dr$160031.510400.5 mi
234712 Hovis Rd$985319000.7 mi
244136 Tillman Rd$13503111460.8 mi
25131 Goff St$1525318820.6 mi

Projections