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$2,990 (target)

9224 Ligon Ct, Charlotte, NC 28213

3 beds • 3 baths • 1655 sqft

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This property looks like a bad Mid-Term investment with a projected -0.51% first-year return on $87,384 initial cash invested.

-0.51%

Cash On Cash

6.28%

Cap Rate

1.05

DSCR

$2,990

Rent

-$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,990 income − $3,027 expenses = $37 out of pocket

Income$2,990Out of Pocket$37Mortgage P&I$1,64755%Property Taxes$2117%Insurance$1174%HOA$341%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,384

Downpayment

20%

$66,080

Closing costs

1%

$3,304

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,990

Total Expenses

$3,027

Mortgage P&I

55%

$1,647

Property Taxes

7%

$211

Home Insurance

4%

$117

HOA

1%

$34

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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