REI Lense

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$3,380 (target)

1533 Springfield Dr, Waxhaw, NC 28173

3 beds • 4 baths • 3435 sqft

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This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $173k initial cash invested.

-15.6%

Cash On Cash

2.97%

Cap Rate

0.49

DSCR

$3,380

Rent

-$2,254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,380 income − $5,634 expenses = $2,254 out of pocket

Income$3,380Out of Pocket$2,254Mortgage P&I$4,126122%Property Taxes$34010%Insurance$2899%Management$33810%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

|

Purchase Price

$826k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$165k

Closing costs

1%

$8,257

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,380

Total Expenses

$5,634

Mortgage P&I

122%

$4,126

Property Taxes

10%

$340

Home Insurance

9%

$289

HOA

0%

$0

Property Management

10%

$338

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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