REI Lense

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$2,608 (target)

723 Walnut Point Dr, Matthews, NC 28105

3 beds • 3 baths • 2659 sqft

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This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $126k initial cash invested.

-15.9%

Cash On Cash

2.86%

Cap Rate

0.48

DSCR

$2,608

Rent

-$1,664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,608 income − $4,272 expenses = $1,664 out of pocket

Income$2,608Out of Pocket$1,664Mortgage P&I$2,959113%Property Taxes$37414%Insurance$2319%HOA$311%Management$26110%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,608

Total Expenses

$4,272

Mortgage P&I

113%

$2,959

Property Taxes

14%

$374

Home Insurance

9%

$231

HOA

1%

$31

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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