REI Lense

REI Lense

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$2,613 (target)

5600 Carmel Station Ave, Charlotte, NC 28226

3 beds • 3 baths • 1787 sqft

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This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $126k initial cash invested.

-14.86%

Cash On Cash

3.02%

Cap Rate

0.51

DSCR

$2,613

Rent

-$1,555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $4,168 expenses = $1,555 out of pocket

Income$2,613Out of Pocket$1,555Mortgage P&I$2,929112%Property Taxes$34013%Insurance$2198%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,978

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,613

Total Expenses

$4,168

Mortgage P&I

112%

$2,929

Property Taxes

13%

$340

Home Insurance

8%

$219

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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