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$4,012 (target)

2415 Kimway Dr, Matthews, NC 28105

3 beds • 3 baths • 1820 sqft

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This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $120k initial cash invested.

-2.95%

Cash On Cash

5.87%

Cap Rate

0.95

DSCR

$4,012

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,012 income − $4,307 expenses = $295 out of pocket

Income$4,012Out of Pocket$295Mortgage P&I$2,50863%Property Taxes$2667%Insurance$1714%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,060

Closing costs

1%

$4,853

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,012

Total Expenses

$4,307

Mortgage P&I

63%

$2,508

Property Taxes

7%

$266

Home Insurance

4%

$171

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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