REI Lense

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$2,292 (target)

2305 Williams Rd, Matthews, NC 28105

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $125k initial cash invested.

-17.24%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$2,292

Rent

-$1,803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,292 income − $4,095 expenses = $1,803 out of pocket

Income$2,292Out of Pocket$1,803Mortgage P&I$3,006131%Property Taxes$27512%Insurance$2179%Management$22910%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$120k

Closing costs

1%

$5,976

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,292

Total Expenses

$4,095

Mortgage P&I

131%

$3,006

Property Taxes

12%

$275

Home Insurance

9%

$217

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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