REI Lense

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$2,873 (target)

9609 Spurwig Ct, Charlotte, NC 28278

3 beds • 3 baths • 2694 sqft

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This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $112k initial cash invested.

-13.8%

Cash On Cash

3.36%

Cap Rate

0.57

DSCR

$2,873

Rent

-$1,293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,873 income − $4,166 expenses = $1,293 out of pocket

Income$2,873Out of Pocket$1,293Mortgage P&I$2,64992%Property Taxes$33412%Insurance$2067%HOA$2308%Management$28710%CapEx$1445%Vacancy$1726%Maintenance$1445%

Investment Breakdown

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Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,354

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,873

Total Expenses

$4,166

Mortgage P&I

92%

$2,649

Property Taxes

12%

$334

Home Insurance

7%

$206

HOA

8%

$230

Property Management

10%

$287

CapEx

5%

$144

Vacancy

6%

$172

Maintenance

5%

$144

Other

0%

$0

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