405 W 7th Street
charlotte, North Carolina, 28605
-$313monthly cash flow
Agents can help find properties better aligned with your goals.
Monthly cash flow
-$313 /moIncome
$1,500 /moExpenses
$1,813 /moCoC ROI
-6.04%5-year annualized return
9.46%
Mortgage payment
$1,059.75
Rental income
$1,500
Expenses
$1,813
Loan details
Total cash needed
$62,340
Monthly expense breakdown
Total expenses
$1,813
Mortgage
$1,060
Taxes
$100
Insurance
$100
Variable expenses
$225
Fixed expenses
$329
Fixed expenses
$329
electricity
$0
gas
$0
water & sewer
$0
hoa fees
$329
garbage
$0
Other
$0
Variable expenses
$225
Vacancy
$75
Maintenance
$0
CapEx
$0
Management fees
$150
Returns
- NOI
- $8,952
- CoC ROI
- -6.04%
- Pro forma cap
- 3.03%
- Purchase cap
- 3.03%
50% Rule
- Total monthly income
- $1,500
- 50% for expenses
- $750
- Monthly P&I
- $1,059
- 50% rule cash flow
- -$309
$534K
$445K
$356K
$267K
$178K
$89K
$0K
| - | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 10 | Year 15 | Year 20 | Year 30 | |
| Property value | $295K | $301K | $307K | $313K | $319K | $326K | $360K | $397K | $438K | $534K |
| Equity | $59K | $69K | $80K | $91K | $102K | $114K | $177K | $249K | $331K | $534K |
| Loan balance | $236,000 | $231,470 | $226,780 | $221,923 | $216,893 | $211,685 | $182,727 | $148,240 | $107,168 | — |
| Cash flow | -$3,764 | -$3,585 | -$3,403 | -$3,217 | -$3,027 | -$2,833 | -$1,804 | -$668 | $585 | $3,498 |
| Mortgage payment | $1,059 | $1,059 | $1,059 | $1,059 | $1,059 | $1,059 | $1,059 | $1,059 | $1,059 | $1,059 |
| Profit if sold | -$7K | $4K | $11K | $19K | $27K | $36K | $87K | $154K | $236K | $461K |
| Annualized return | -100% | 5.62% | 8.32% | 9.09% | 9.37% | 9.46% | 9.15% | 8.64% | 8.15% | 7.35% |
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