REI Lense

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$2,045 (target)

8530 Heron Glen Dr, Charlotte, NC 28269

3 beds • 3 baths • 1848 sqft

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This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $94,626 initial cash invested.

-16.92%

Cash On Cash

2.81%

Cap Rate

0.46

DSCR

$2,045

Rent

-$1,334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,045 income − $3,379 expenses = $1,334 out of pocket

Income$2,045Out of Pocket$1,334Mortgage P&I$2,286112%Property Taxes$27013%Insurance$1588%HOA$1347%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,626

Downpayment

20%

$90,120

Closing costs

1%

$4,506

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$3,379

Mortgage P&I

112%

$2,286

Property Taxes

13%

$270

Home Insurance

8%

$158

HOA

7%

$134

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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