REI Lense

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$1,862 (target)

2909 Matoka Trl, Matthews, NC 28104

3 beds • 2 baths • 980 sqft

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This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $67,368 initial cash invested.

-12.01%

Cash On Cash

4.51%

Cap Rate

0.67

DSCR

$1,862

Rent

-$674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $2,536 expenses = $674 out of pocket

Income$1,862Out of Pocket$674Mortgage P&I$1,78796%Property Taxes$1518%Insurance$1146%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,368

Downpayment

20%

$64,160

Closing costs

1%

$3,208

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,862

Total Expenses

$2,536

Mortgage P&I

96%

$1,787

Property Taxes

8%

$151

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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