REI Lense

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$3,023 (target)

1001 Heritage Acres Dr, Matthews, NC 28104

3 beds • 4 baths • 3637 sqft

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This property looks like a bad Long-Term investment with a projected -17.98% first-year return on $178k initial cash invested.

-17.98%

Cash On Cash

2.42%

Cap Rate

0.4

DSCR

$3,023

Rent

-$2,672

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,023 income − $5,695 expenses = $2,672 out of pocket

Income$3,023Out of Pocket$2,672Mortgage P&I$4,231140%Property Taxes$30810%Insurance$34812%HOA$231%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$849k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$178k

Downpayment

20%

$170k

Closing costs

1%

$8,493

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,023

Total Expenses

$5,695

Mortgage P&I

140%

$4,231

Property Taxes

10%

$308

Home Insurance

12%

$348

HOA

1%

$23

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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