REI Lense

REI Lense

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$2,294 (target)

4509 Doves Nest Ct, Matthews, NC 28105

3 beds • 3 baths • 1684 sqft

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This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $78,456 initial cash invested.

-8.67%

Cash On Cash

4.7%

Cap Rate

0.76

DSCR

$2,294

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,294 income − $2,861 expenses = $567 out of pocket

Income$2,294Out of Pocket$567Mortgage P&I$1,91684%Property Taxes$2159%Insurance$1336%Management$22910%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,456

Downpayment

20%

$74,720

Closing costs

1%

$3,736

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,294

Total Expenses

$2,861

Mortgage P&I

84%

$1,916

Property Taxes

9%

$215

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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