REI Lense

REI Lense

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$3,333 (target)

217 Robinson Ave, Matthews, NC 28104

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Mid-Term investment with a projected -2.03% first-year return on $104k initial cash invested.

-2.03%

Cash On Cash

5.75%

Cap Rate

0.98

DSCR

$3,333

Rent

-$175

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

$104k

Downpayment

20%

$81,620

Closing costs

1%

$4,081

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,333

Total Expenses

$3,508

Mortgage P&I

60%

$1,998

Property Taxes

7%

$227

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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