REI Lense

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$2,202 (target)

11321 Torino Rd, Matthews, NC 28105

3 beds • 3 baths • 1865 sqft

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This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $92,148 initial cash invested.

-11.93%

Cash On Cash

3.73%

Cap Rate

0.63

DSCR

$2,202

Rent

-$916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,202 income − $3,118 expenses = $916 out of pocket

Income$2,202Out of Pocket$916Mortgage P&I$2,16999%Property Taxes$21910%Insurance$1587%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,148

Downpayment

20%

$87,760

Closing costs

1%

$4,388

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,202

Total Expenses

$3,118

Mortgage P&I

99%

$2,169

Property Taxes

10%

$219

Home Insurance

7%

$158

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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