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$3,664 (target)

9915 Ridgemore Dr, Charlotte, NC 28277

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Mid-Term investment with a projected -8.14% first-year return on $124k initial cash invested.

-8.14%

Cash On Cash

5.01%

Cap Rate

0.75

DSCR

$3,664

Rent

-$842

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,664 income − $4,506 expenses = $842 out of pocket

Income$3,664Out of Pocket$842Mortgage P&I$2,80577%Property Taxes$2557%Insurance$1755%HOA$241%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40311%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,052

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,664

Total Expenses

$4,506

Mortgage P&I

77%

$2,805

Property Taxes

7%

$255

Home Insurance

5%

$175

HOA

1%

$24

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$403

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