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Long-Term Rental Analysis
633 Milan Rd E, Charlotte, NC 28216
$235,0003 beds • 2 baths • 1238 sqft

This property looks like a bad Long-Term investment with a projected -5.03% first-year return on $49,350 initial cash invested.

Cash On Cash
-5.03%
Cap Rate
5.34%
Rent
$1,604
Cashflow
-$207
Rent Confidence:  High
Annual
$19,248
Median
$1,625
Avg
$1,604
Samples
25
Financing

Purchase Price  $235k
Downpayment  20.0%
Interest Rate  6.4%
Mortgage Duration  30yr.
Cash To Invest

Total  $49,350
Downpayment  $47,000
Closing costs  $2,350
Rehab  $0
Furnishing  $0
Cashflow

Total Income  $1,604
Total Expenses  $1,811
Mortgage P&I  $1,172
Property Taxes  $141
Home Insurance  $82
PManagement  10% $160
CapEx  5% $80
Vacancy  6% $96
Maintenance  5% $80
Other  0% $0
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