REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,999 (target)

7441 Riding Trail Rd, Charlotte, NC 28212

3 beds • 2 baths • 1809 sqft

Email

This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $73,857 initial cash invested.

-9.7%

Cash On Cash

4.24%

Cap Rate

0.71

DSCR

$1,999

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,999 income − $2,596 expenses = $597 out of pocket

Income$1,999Out of Pocket$597Mortgage P&I$1,74187%Property Taxes$20810%Insurance$1276%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,857

Downpayment

20%

$70,340

Closing costs

1%

$3,517

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,999

Total Expenses

$2,596

Mortgage P&I

87%

$1,741

Property Taxes

10%

$208

Home Insurance

6%

$127

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis