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6129 Old Meadow Rd, Charlotte, NC 28227

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -8.01% first-year return on $107k initial cash invested.

-8.01%

Cash On Cash

4.05%

Cap Rate

0.7

DSCR

$2,606

Rent

-$716

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,606

Total Expenses

$3,322

Mortgage P&I

79%

$2,046

Property Taxes

9%

$241

Home Insurance

6%

$149

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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