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$3,183 (target)

6240 Candlewood Dr, Charlotte, NC 28210

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $128k initial cash invested.

-9.61%

Cash On Cash

4.03%

Cap Rate

0.66

DSCR

$3,183

Rent

-$1,021

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,183 income − $4,204 expenses = $1,021 out of pocket

Income$3,183Out of Pocket$1,021Mortgage P&I$2,64783%Property Taxes$2909%Insurance$1866%Management$38212%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%

Investment Breakdown

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Purchase Price

$522k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$104k

Closing costs

1%

$5,217

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,183

Total Expenses

$4,204

Mortgage P&I

83%

$2,647

Property Taxes

9%

$290

Home Insurance

6%

$186

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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