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553 Derrydowne Dr, Charlotte, NC 28213

3 beds • 2 baths • 1216 sqft

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This property might be a fair Long-Term investment with a projected 4.82% first-year return on $40,845 initial cash invested.

4.82%

Cash On Cash

7.37%

Cap Rate

1.26

DSCR

$1,730

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,845

Downpayment

20%

$38,900

Closing costs

1%

$1,945

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,730

Total Expenses

$1,566

Mortgage P&I

55%

$945

Property Taxes

6%

$104

Home Insurance

4%

$68

PManagement

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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