REI Lense

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$2,964 (target)

1008 Raywood Ct, Matthews, NC 28104

3 beds • 2 baths • 1328 sqft

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This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $91,311 initial cash invested.

-1.27%

Cash On Cash

6.18%

Cap Rate

1.01

DSCR

$2,964

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,964 income − $3,061 expenses = $97 out of pocket

Income$2,964Out of Pocket$97Mortgage P&I$1,77660%Property Taxes$1525%Insurance$1244%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,311

Downpayment

20%

$69,820

Closing costs

1%

$3,491

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,964

Total Expenses

$3,061

Mortgage P&I

60%

$1,776

Property Taxes

5%

$152

Home Insurance

4%

$124

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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