REI Lense

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$3,276 (target)

622 Silversmith Ln, Charlotte, NC 28270

3 beds • 2 baths • 1570 sqft

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This property looks like a bad Mid-Term investment with a projected -5.7% first-year return on $106k initial cash invested.

-5.7%

Cash On Cash

5.36%

Cap Rate

0.83

DSCR

$3,276

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,276 income − $3,782 expenses = $506 out of pocket

Income$3,276Out of Pocket$506Mortgage P&I$2,25669%Property Taxes$2598%Insurance$1545%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36011%

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,260

Closing costs

1%

$4,213

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,276

Total Expenses

$3,782

Mortgage P&I

69%

$2,256

Property Taxes

8%

$259

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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