REI Lense

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$3,303 (target)

3623 Wonderland Dr, Matthews, NC 28104

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Mid-Term investment with a projected -0.01% first-year return on $95,532 initial cash invested.

-0.01%

Cash On Cash

6.44%

Cap Rate

1.07

DSCR

$3,303

Rent

-$1

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,303 income − $3,304 expenses = $1 out of pocket

Income$3,303Out of Pocket$1Mortgage P&I$1,85156%Property Taxes$2006%Insurance$1314%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,532

Downpayment

20%

$73,840

Closing costs

1%

$3,692

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,303

Total Expenses

$3,304

Mortgage P&I

56%

$1,851

Property Taxes

6%

$200

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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