REI Lense

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$2,163 (target)

3007 Plentywood Dr, Matthews, NC 28105

3 beds • 2 baths • 2058 sqft

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This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $95,613 initial cash invested.

-16.03%

Cash On Cash

3.38%

Cap Rate

0.52

DSCR

$2,163

Rent

-$1,277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,163 income − $3,440 expenses = $1,277 out of pocket

Income$2,163Out of Pocket$1,277Mortgage P&I$2,451113%Property Taxes$26412%Insurance$1638%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,613

Downpayment

20%

$91,060

Closing costs

1%

$4,553

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,163

Total Expenses

$3,440

Mortgage P&I

113%

$2,451

Property Taxes

12%

$264

Home Insurance

8%

$163

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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