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$4,534 (target)

1001 Heritage Acres Dr, Matthews, NC 28104

3 beds • 4 baths • 3637 sqft

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This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $196k initial cash invested.

-11.72%

Cash On Cash

3.53%

Cap Rate

0.59

DSCR

$4,534

Rent

-$1,917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,534 income − $6,451 expenses = $1,917 out of pocket

Income$4,534Out of Pocket$1,917Mortgage P&I$4,23193%Property Taxes$3087%Insurance$3488%HOA$231%Management$54412%CapEx$1814%Vacancy$1363%Maintenance$1814%Other$49911%

Investment Breakdown

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Purchase Price

$849k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$170k

Closing costs

1%

$8,493

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,534

Total Expenses

$6,451

Mortgage P&I

93%

$4,231

Property Taxes

7%

$308

Home Insurance

8%

$348

HOA

1%

$23

Property Management

12%

$544

CapEx

4%

$181

Vacancy

3%

$136

Maintenance

4%

$181

Other

11%

$499

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