REI Lense

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$3,705 (target)

1220 Afternoon Sun Rd, Matthews, NC 28104

3 beds • 3 baths • 2189 sqft

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This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $107k initial cash invested.

-1.34%

Cash On Cash

6.08%

Cap Rate

1.01

DSCR

$3,705

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,705 income − $3,825 expenses = $120 out of pocket

Income$3,705Out of Pocket$120Mortgage P&I$2,13158%Property Taxes$2376%Insurance$1504%HOA$471%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,180

Closing costs

1%

$4,259

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,705

Total Expenses

$3,825

Mortgage P&I

58%

$2,131

Property Taxes

6%

$237

Home Insurance

4%

$150

HOA

1%

$47

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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