REI Lense

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$2,264 (target)

3634 New Town Rd, Waxhaw, NC 28173

3 beds • 3 baths • 2324 sqft

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This property looks like a bad Long-Term investment with a projected -18.5% first-year return on $117k initial cash invested.

-18.5%

Cash On Cash

2.94%

Cap Rate

0.45

DSCR

$2,264

Rent

-$1,810

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $4,074 expenses = $1,810 out of pocket

Income$2,264Out of Pocket$1,810Mortgage P&I$3,068136%Property Taxes$21710%Insurance$2019%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,591

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,264

Total Expenses

$4,074

Mortgage P&I

136%

$3,068

Property Taxes

10%

$217

Home Insurance

9%

$201

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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