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6701 Ronda Ave, Charlotte, NC 28211

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $117k initial cash invested.

-15.77%

Cash On Cash

2.81%

Cap Rate

0.48

DSCR

$2,293

Rent

-$1,531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$555k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$111k

Closing costs

1%

$5,548

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,293

Total Expenses

$3,824

Mortgage P&I

118%

$2,714

Property Taxes

14%

$317

Home Insurance

9%

$196

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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