REI Lense

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$3,068 (target)

8708 Heron Glen Dr, Charlotte, NC 28269

3 beds • 2 baths • 1665 sqft

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This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $99,900 initial cash invested.

-4.86%

Cash On Cash

5.11%

Cap Rate

0.85

DSCR

$3,068

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,068 income − $3,473 expenses = $405 out of pocket

Income$3,068Out of Pocket$405Mortgage P&I$1,94463%Property Taxes$2217%Insurance$1364%HOA$1294%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33711%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$3,473

Mortgage P&I

63%

$1,944

Property Taxes

7%

$221

Home Insurance

4%

$136

HOA

4%

$129

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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