REI Lense

REI Lense

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$2,222 (target)

217 Robinson Ave, Matthews, NC 28104

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $85,701 initial cash invested.

-10.22%

Cash On Cash

4.05%

Cap Rate

0.69

DSCR

$2,222

Rent

-$730

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,701

Downpayment

20%

$81,620

Closing costs

1%

$4,081

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,222

Total Expenses

$2,952

Mortgage P&I

90%

$1,998

Property Taxes

10%

$227

Home Insurance

7%

$150

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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