REI Lense

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$3,345 (target)

2211 Savannah Hills Dr, Matthews, NC 28105

3 beds • 2 baths • 1811 sqft

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This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $116k initial cash invested.

-5.94%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$3,345

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,345 income − $3,922 expenses = $577 out of pocket

Income$3,345Out of Pocket$577Mortgage P&I$2,32570%Property Taxes$2738%Insurance$1645%HOA$231%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,345

Total Expenses

$3,922

Mortgage P&I

70%

$2,325

Property Taxes

8%

$273

Home Insurance

5%

$164

HOA

1%

$23

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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