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$3,477 (target)

13128 Blacksmith Ct, Matthews, NC 28105

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $104k initial cash invested.

-1.81%

Cash On Cash

6.06%

Cap Rate

0.99

DSCR

$3,477

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,477 income − $3,634 expenses = $157 out of pocket

Income$3,477Out of Pocket$157Mortgage P&I$2,08660%Property Taxes$2277%Insurance$1404%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

|

Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,840

Closing costs

1%

$4,092

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,477

Total Expenses

$3,634

Mortgage P&I

60%

$2,086

Property Taxes

7%

$227

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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