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$3,220 (target)

1248 Curry Way, Matthews, NC 28104

3 beds • 2 baths • 1761 sqft

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This property looks like a bad Mid-Term investment with a projected -6.28% first-year return on $108k initial cash invested.

-6.28%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$3,220

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,220 income − $3,787 expenses = $567 out of pocket

Income$3,220Out of Pocket$567Mortgage P&I$2,17468%Property Taxes$2307%Insurance$1505%HOA$1384%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,220

Total Expenses

$3,787

Mortgage P&I

68%

$2,174

Property Taxes

7%

$230

Home Insurance

5%

$150

HOA

4%

$138

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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