REI Lense

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$2,063 (target)

13415 Phillips Rd, Matthews, NC 28105

3 beds • 2 baths • 1158 sqft

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This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $73,542 initial cash invested.

-8.66%

Cash On Cash

4.47%

Cap Rate

0.75

DSCR

$2,063

Rent

-$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,063 income − $2,594 expenses = $531 out of pocket

Income$2,063Out of Pocket$531Mortgage P&I$1,73384%Property Taxes$20110%Insurance$1246%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,542

Downpayment

20%

$70,040

Closing costs

1%

$3,502

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,063

Total Expenses

$2,594

Mortgage P&I

84%

$1,733

Property Taxes

10%

$201

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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