REI Lense

REI Lense

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$3,256 (target)

1118 Slate Ridge Rd, Matthews, NC 28104

3 beds • 2 baths • 1407 sqft

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This property looks like a bad Mid-Term investment with a projected -1.77% first-year return on $100k initial cash invested.

-1.77%

Cash On Cash

5.91%

Cap Rate

0.99

DSCR

$3,256

Rent

-$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,320

Closing costs

1%

$3,916

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,256

Total Expenses

$3,404

Mortgage P&I

60%

$1,947

Property Taxes

6%

$211

Home Insurance

4%

$139

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$358

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