REI Lense

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$1,970 (target)

5226 Rockwood Rd, Charlotte, NC 28216

3 beds • 3 baths • 1538 sqft

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This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $76,734 initial cash invested.

-10.52%

Cash On Cash

4.11%

Cap Rate

0.68

DSCR

$1,970

Rent

-$673

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $2,643 expenses = $673 out of pocket

Income$1,970Out of Pocket$673Mortgage P&I$1,82593%Property Taxes$19010%Insurance$1176%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,734

Downpayment

20%

$73,080

Closing costs

1%

$3,654

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$2,643

Mortgage P&I

93%

$1,825

Property Taxes

10%

$190

Home Insurance

6%

$117

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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