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$2,906 (target)

8721 Brookstead Meadow Ct, Charlotte, NC 28215

3 beds • 2 baths • 1164 sqft

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This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $89,988 initial cash invested.

-2.59%

Cash On Cash

5.88%

Cap Rate

0.96

DSCR

$2,906

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $3,100 expenses = $194 out of pocket

Income$2,906Out of Pocket$194Mortgage P&I$1,75860%Property Taxes$2328%Insurance$1224%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%

Investment Breakdown

|

Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,988

Downpayment

20%

$68,560

Closing costs

1%

$3,428

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,906

Total Expenses

$3,100

Mortgage P&I

61%

$1,758

Property Taxes

8%

$232

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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