REI Lense

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$2,793 (target)

2909 Matoka Trl, Matthews, NC 28104

3 beds • 2 baths • 980 sqft

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This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $85,368 initial cash invested.

-2.94%

Cash On Cash

6.32%

Cap Rate

0.95

DSCR

$2,793

Rent

-$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,793 income − $3,002 expenses = $209 out of pocket

Income$2,793Out of Pocket$209Mortgage P&I$1,78764%Property Taxes$1515%Insurance$1144%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,368

Downpayment

20%

$64,160

Closing costs

1%

$3,208

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,793

Total Expenses

$3,002

Mortgage P&I

64%

$1,787

Property Taxes

5%

$151

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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