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2624 Remington St, Charlotte, NC 28216

2 beds • 1 baths • 696 sqft

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This property looks like a bad Long-Term investment with a projected -2.86% first-year return on $35,679 initial cash invested.

-2.86%

Cash On Cash

6.02%

Cap Rate

0.98

DSCR

$1,270

Rent

-$85

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,679

Downpayment

20%

$33,980

Closing costs

1%

$1,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,270

Total Expenses

$1,355

Mortgage P&I

69%

$873

Property Taxes

7%

$91

Home Insurance

5%

$60

PManagement

10%

$127

CapEx

5%

$64

Vacancy

6%

$76

Maintenance

5%

$64

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2601 Remington St, Charlotte, NC 28216

$1,050

2

1

696

0.1 mi

2528 Remington St, Charlotte, NC 28216

$1,100

2

1

696

0.1 mi

2518 Dundeen St, Charlotte, NC 28216

$1,700

2

1

700

0.3 mi

1716 Mcdonald St, Charlotte, NC 28216

$1,400

2

1

716

0.1 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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