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$2,980 (target)

5217 Londonderry Rd, Charlotte, NC 28210

3 beds • 2 baths • 1734 sqft

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This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $151k initial cash invested.

-17.78%

Cash On Cash

2.93%

Cap Rate

0.46

DSCR

$2,980

Rent

-$2,243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,980 income − $5,223 expenses = $2,243 out of pocket

Income$2,980Out of Pocket$2,243Mortgage P&I$3,852129%Property Taxes$36812%Insurance$2288%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

|

Purchase Price

$721k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$144k

Closing costs

1%

$7,210

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,980

Total Expenses

$5,223

Mortgage P&I

129%

$3,852

Property Taxes

12%

$368

Home Insurance

8%

$228

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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