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341 Neill Ridge Rd, Matthews, NC 28105

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $98,406 initial cash invested.

-13.87%

Cash On Cash

3.2%

Cap Rate

0.55

DSCR

$2,123

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,406

Downpayment

20%

$93,720

Closing costs

1%

$4,686

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,123

Total Expenses

$3,260

Mortgage P&I

107%

$2,279

Property Taxes

13%

$278

Home Insurance

7%

$152

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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