REI Lense

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$2,213 (target)

4323 Weddington Rd, Monroe, NC 28110

3 beds • 2 baths • 1981 sqft

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This property looks like a bad Long-Term investment with a projected -19.37% first-year return on $139k initial cash invested.

-19.37%

Cash On Cash

2.41%

Cap Rate

0.38

DSCR

$2,213

Rent

-$2,237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,213 income − $4,450 expenses = $2,237 out of pocket

Income$2,213Out of Pocket$2,237Mortgage P&I$3,453156%Property Taxes$1909%Insurance$23110%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$660k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$132k

Closing costs

1%

$6,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,213

Total Expenses

$4,450

Mortgage P&I

156%

$3,453

Property Taxes

9%

$190

Home Insurance

10%

$231

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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