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Long-Term Rental Analysis
6705 Edenwood Pl, Charlotte, NC 28212
$255,0004 beds • 2 baths • 2231 sqft

This property might be a fair Long-Term investment with a projected 3.81% first-year return on $53,550 initial cash invested.

Cash On Cash
3.81%
Cap Rate
7.42%
Rent
$2,280
Cashflow
$170
Rent Confidence:  High
Annual
$27,360
Median
$2,200
Avg
$2,244
Samples
25
Financing

Purchase Price  $255k
Downpayment  20.0%
Interest Rate  6.5%
Mortgage Duration  30yr.
Cash To Invest

Total  $53,550
Downpayment  20% $51,000
Closing costs  1% $2,550
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $2,280
Total Expenses  $2,110
Mortgage P&I  57% $1,292
Property Taxes  6% $136
Home Insurance  4% $89
PManagement  10% $228
CapEx  5% $114
Vacancy  6% $137
Maintenance  5% $114
Other  0% $0
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Projections