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This property looks like a bad Long-Term investment with a projected -3.2% first-year return on $48,300 initial cash invested.
-3.2%
Cash On Cash
5.7%
Cap Rate
0.96
DSCR
$1,640
Rent
-$129
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,640
Total Expenses
$1,769
Mortgage P&I
70%
$1,140
Property Taxes
8%
$123
Home Insurance
5%
$80
PManagement
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1218 Joannas Ct, Charlotte, NC 28214 | $1,680 | 3 | 2 | 1036 | 0.7 mi |
1132 Browns Ave, Charlotte, NC 28208 | $1,350 | 3 | 2 | 1025 | 0.8 mi |
734 Mistral Way, Charlotte, NC 28208 | $1,499 | 3 | 2 | 1032 | 1 mi |
1134 Summit Hills Dr, Charlotte, NC 28214 | $1,729 | 3 | 2 | 1020 | 0.8 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality