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8337 Reedy Creek Rd, Charlotte, NC 28215

3 beds • 2 baths • 1624 sqft

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This property might be a fair Long-Term investment with a projected 7.32% first-year return on $44,079 initial cash invested.

7.32%

Cash On Cash

7.98%

Cap Rate

1.36

DSCR

$2,010

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,010

Total Expenses

$1,741

Mortgage P&I

51%

$1,026

Property Taxes

6%

$119

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$121

Maintenance

5%

$100

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

8607 Kirkley Glen Ln, Charlotte, NC 28215

$1,975

3

2

1600

0.4 mi

7437 Reedy Creek Rd, Charlotte, NC 28215

$2,240

3

2

1616

0.7 mi

7703 Nicolette Ct, Charlotte, NC 28215

$1,825

3

2

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0.5 mi

7027 Passeres Ct, Charlotte, NC 28215

$2,080

3

2

1626

1.1 mi

104 W Rancho Del Cerro

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4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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