REI Lense

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$2,910 (target)

2020 Fairchelsea Way Ln, Matthews, NC 28105

3 beds • 3 baths • 3664 sqft

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This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $136k initial cash invested.

-17.81%

Cash On Cash

3.09%

Cap Rate

0.47

DSCR

$2,910

Rent

-$2,013

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,910 income − $4,923 expenses = $2,013 out of pocket

Income$2,910Out of Pocket$2,013Mortgage P&I$3,531121%Property Taxes$35412%Insurance$2719%HOA$9Management$29110%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$646k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$129k

Closing costs

1%

$6,459

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,910

Total Expenses

$4,923

Mortgage P&I

121%

$3,531

Property Taxes

12%

$354

Home Insurance

9%

$271

HOA

0%

$9

Property Management

10%

$291

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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