3958 Damask Dr

Charlotte, NC 28206
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4 bd, 2.5 ba | 1,638 sqft | Built in 2005

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,375

Total Return

$95,356

Annualized Return

23.1%

Cap Rate

5.5%

Gross Yield

8.7%

Cash Flow

-$505

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

02/09/2019

Lease End

02/08/2020

Lot Size

3,485

HOA

$21/mo

Flood Risk

Not Required

  • No immediate repairs

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$15,675

Expenses

-$3,856

Property Taxes

-$2,000

Loan Payments

-$10,324

Net Cash Flow

-$505

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