REI Lense

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$2,202 (target)

3623 Wonderland Dr, Matthews, NC 28104

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Long-Term investment with a projected -8.54% first-year return on $77,532 initial cash invested.

-8.54%

Cash On Cash

4.58%

Cap Rate

0.76

DSCR

$2,202

Rent

-$552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,202 income − $2,754 expenses = $552 out of pocket

Income$2,202Out of Pocket$552Mortgage P&I$1,85184%Property Taxes$2009%Insurance$1316%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,532

Downpayment

20%

$73,840

Closing costs

1%

$3,692

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,202

Total Expenses

$2,754

Mortgage P&I

84%

$1,851

Property Taxes

9%

$200

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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