REI Lense

REI Lense

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$2,363 (target)

13611 Idlefield Ln, Matthews, NC 28105

3 beds • 3 baths • 1794 sqft

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This property looks like a bad Long-Term investment with a projected -8.56% first-year return on $85,050 initial cash invested.

-8.56%

Cash On Cash

4.52%

Cap Rate

0.76

DSCR

$2,363

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,050

Downpayment

20%

$81,000

Closing costs

1%

$4,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,363

Total Expenses

$2,970

Mortgage P&I

85%

$2,014

Property Taxes

8%

$200

Home Insurance

6%

$142

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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