REI Lense

REI Lense

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$2,259 (target)

7010 Ludwig Dr, Charlotte, NC 28215

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Long-Term investment with a projected -3.99% first-year return on $67,431 initial cash invested.

-3.99%

Cash On Cash

5.51%

Cap Rate

0.93

DSCR

$2,259

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,259 income − $2,483 expenses = $224 out of pocket

Income$2,259Out of Pocket$224Mortgage P&I$1,58670%Property Taxes$1939%Insurance$1165%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,259

Total Expenses

$2,483

Mortgage P&I

70%

$1,586

Property Taxes

9%

$193

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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