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$3,912 (target)

723 Walnut Point Dr, Matthews, NC 28105

3 beds • 3 baths • 2659 sqft

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This property looks like a bad Mid-Term investment with a projected -8.45% first-year return on $144k initial cash invested.

-8.45%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$3,912

Rent

-$1,011

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,912 income − $4,923 expenses = $1,011 out of pocket

Income$3,912Out of Pocket$1,011Mortgage P&I$2,95976%Property Taxes$37410%Insurance$2316%HOA$311%Management$46912%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$43011%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,912

Total Expenses

$4,923

Mortgage P&I

76%

$2,959

Property Taxes

10%

$374

Home Insurance

6%

$231

HOA

1%

$31

Property Management

12%

$469

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$430

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