REI Lense

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$2,598 (target)

5048 Deisy May Ln, Matthews, NC 28105

3 beds • 3 baths • 2237 sqft

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This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $96,390 initial cash invested.

-10.3%

Cash On Cash

4.16%

Cap Rate

0.7

DSCR

$2,598

Rent

-$827

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,598 income − $3,425 expenses = $827 out of pocket

Income$2,598Out of Pocket$827Mortgage P&I$2,28788%Property Taxes$26010%Insurance$1616%HOA$412%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,390

Downpayment

20%

$91,800

Closing costs

1%

$4,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,598

Total Expenses

$3,425

Mortgage P&I

88%

$2,287

Property Taxes

10%

$260

Home Insurance

6%

$161

HOA

2%

$41

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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