Property Analysis for 6001 Sunset Chase Ln, Charlotte, NC 28212

Long-Term Rental Analysis

6001 Sunset Chase Ln, Charlotte, NC 28212

$263,000 • 2 beds • 2 baths • 833 sqft

This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $55,230 initial cash invested.

Cash On Cash

-14.82%

Cap Rate

3.57%

Rent

$1,297

Cashflow

-$682

Rent Confidence: High

Annual

$15,564

Median

$1,265

Avg

$1,314

Samples

Financing

Purchase Price $263k

Downpayment 20.0%

Interest Rate 7.0%

Mortgage Duration 30yr.

Cash To Invest

Total $55,230

Downpayment 20% $52,600

Closing costs 1% $2,630

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $1,297

Total Expenses $1,979

Mortgage P&I 108% $1,400

Property Taxes 11% $149

Home Insurance 7% $92

PManagement 10% $130

CapEx 5% $65

Vacancy 6% $78

Maintenance 5% $65

Other 0% $0

Google Maps with the subject property comparables is loading...

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	5767 Cedars East Ct, # 5701-07	$1295	2	2	945	0.8 mi
2	5767 Cedars East Ct, # 5712-01	$1265	2	2	945	0.8 mi
3	5767 Cedars East Ct, # 5708-02	$1265	2	2	945	0.8 mi
4	5767 Cedars East Ct, # 5709-03	$1340	2	2	945	0.8 mi
5	5767 Cedars East Ct, # 5830-03	$1305	2	2	945	0.8 mi
6	5767 Cedars East Ct, # 5714-05	$1265	2	2	945	0.8 mi
7	5767 Cedars East Ct, # 5838-03	$1265	2	2	945	0.8 mi
8	5767 Cedars East Ct, # 5714-03	$1415	2	2	945	0.8 mi
9	5767 Cedars East Ct, # 5834-06	$1265	2	2	945	0.8 mi
10	5767 Cedars East Ct, # 5715-06	$1370	2	2	945	0.8 mi
11	5767 Cedars East Ct, # 5838-04	$1265	2	2	945	0.8 mi
12	5767 Cedars East Ct, # 5713-01	$1435	2	2	945	0.8 mi
13	5767 Cedars East Ct, # 5802-02	$1310	2	2	945	0.8 mi
14	5767 Cedars East Ct, # 5818-01	$1280	2	2	945	0.8 mi
15	5767 Cedars East Ct, # 5702-02	$1265	2	2	945	0.8 mi
16	5767 Cedars East Ct, # 5714-04	$1265	2	2	945	0.8 mi
17	5767 Cedars East Ct, # 5830-02	$1240	2	2	945	0.8 mi
18	5767 Cedars East Ct, # 5838-02	$1240	2	2	945	0.8 mi
19	5767 Cedars East Ct, # 5712-02	$1235	2	2	945	0.8 mi
20	5767 Cedars East Ct, # 5830-06	$1235	2	2	945	0.8 mi
21	5767 Cedars East Ct, # 5702-03	$1235	2	2	945	0.8 mi
22	5767 Cedars East Ct, # 5708-07	$1250	2	2	945	0.8 mi
23	5767 Cedars East Ct, # 5703-02	$1410	2	2	945	0.8 mi
24	2914 Iron Gate Ln	$1550	2	2	980	1.5 mi
25	5206 Amity Springs Dr	$1575	2	2	980	1.5 mi

Projections