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621 Reeves Ct, Charlotte, NC 28208

3 beds • 1 baths • 980 sqft

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This property looks like a bad Long-Term investment with a projected -10.18% first-year return on $55,650 initial cash invested.

-10.18%

Cash On Cash

4.45%

Cap Rate

0.71

DSCR

$1,540

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,540

Total Expenses

$2,012

Mortgage P&I

89%

$1,378

Property Taxes

9%

$141

Home Insurance

6%

$93

PManagement

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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