REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

341 Neill Ridge Rd, Matthews, NC 28105

3 beds • 2 baths • 1592 sqft

Email

This property looks like a bad Mid-Term investment with a projected -6.26% first-year return on $116k initial cash invested.

-6.26%

Cash On Cash

4.61%

Cap Rate

0.79

DSCR

$3,184

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,720

Closing costs

1%

$4,686

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,184

Total Expenses

$3,791

Mortgage P&I

72%

$2,279

Property Taxes

9%

$278

Home Insurance

5%

$152

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$96

Maintenance

4%

$127

Other

11%

$350

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis