REI Lense

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$2,776 (target)

5907 Scots Bluff Dr, Charlotte, NC 28227

3 beds • 2 baths • 1346 sqft

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This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $79,299 initial cash invested.

-1.2%

Cash On Cash

6.76%

Cap Rate

1.02

DSCR

$2,776

Rent

-$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,776 income − $2,855 expenses = $79 out of pocket

Income$2,776Out of Pocket$79Mortgage P&I$1,61358%Property Taxes$1887%Insurance$1114%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%

Investment Breakdown

|

Purchase Price

$292k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,299

Downpayment

20%

$58,380

Closing costs

1%

$2,919

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,776

Total Expenses

$2,855

Mortgage P&I

58%

$1,613

Property Taxes

7%

$188

Home Insurance

4%

$111

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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