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$3,378 (target)

1515 Pleasant Plains Rd, Matthews, NC 28105

3 beds • 2 baths • 1372 sqft

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This property might be a fair Mid-Term investment with a projected 9.45% first-year return on $74,700 initial cash invested.

9.45%

Cash On Cash

9.41%

Cap Rate

1.52

DSCR

$3,378

Rent

$588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,378 income − $2,790 expenses = $588 cash flow

Income$3,378Mortgage P&I$1,39541%Property Taxes$1535%Insurance$943%Management$40512%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%Cash Flow$588

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,378

Total Expenses

$2,790

Mortgage P&I

41%

$1,395

Property Taxes

5%

$153

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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