REI Lense

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$2,451 (target)

10731 Forest Dr, Matthews, NC 28105

3 beds • 3 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $79,674 initial cash invested.

-6.34%

Cash On Cash

4.98%

Cap Rate

0.84

DSCR

$2,451

Rent

-$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $2,872 expenses = $421 out of pocket

Income$2,451Out of Pocket$421Mortgage P&I$1,87476%Property Taxes$2209%Insurance$1406%Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,674

Downpayment

20%

$75,880

Closing costs

1%

$3,794

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,451

Total Expenses

$2,872

Mortgage P&I

76%

$1,874

Property Taxes

9%

$220

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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