REI Lense

REI Lense

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$2,318 (target)

13128 Blacksmith Ct, Matthews, NC 28105

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $85,932 initial cash invested.

-10.31%

Cash On Cash

4.29%

Cap Rate

0.7

DSCR

$2,318

Rent

-$738

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $3,056 expenses = $738 out of pocket

Income$2,318Out of Pocket$738Mortgage P&I$2,08690%Property Taxes$22710%Insurance$1406%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,932

Downpayment

20%

$81,840

Closing costs

1%

$4,092

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,318

Total Expenses

$3,056

Mortgage P&I

90%

$2,086

Property Taxes

10%

$227

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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