REI Lense

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$1,868 (target)

4623 Waxhaw Marvin Rd, Waxhaw, NC 28173

3 beds • 2 baths • 1174 sqft

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This property looks like a bad Long-Term investment with a projected -10.37% first-year return on $74,277 initial cash invested.

-10.37%

Cash On Cash

4.01%

Cap Rate

0.68

DSCR

$1,868

Rent

-$642

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,868 income − $2,510 expenses = $642 out of pocket

Income$1,868Out of Pocket$642Mortgage P&I$1,73293%Property Taxes$1679%Insurance$1267%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,277

Downpayment

20%

$70,740

Closing costs

1%

$3,537

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,868

Total Expenses

$2,510

Mortgage P&I

93%

$1,732

Property Taxes

9%

$167

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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