REI Lense

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$1,851 (target)

5907 Scots Bluff Dr, Charlotte, NC 28227

3 beds • 2 baths • 1346 sqft

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This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $61,299 initial cash invested.

-10.63%

Cash On Cash

4.78%

Cap Rate

0.72

DSCR

$1,851

Rent

-$543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,851 income − $2,394 expenses = $543 out of pocket

Income$1,851Out of Pocket$543Mortgage P&I$1,61387%Property Taxes$18810%Insurance$1116%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,299

Downpayment

20%

$58,380

Closing costs

1%

$2,919

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,851

Total Expenses

$2,394

Mortgage P&I

87%

$1,613

Property Taxes

10%

$188

Home Insurance

6%

$111

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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