REI Lense

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$2,220 (target)

7712 Old Waxhaw Monroe Rd, Waxhaw, NC 28173

3 beds • 2 baths • 1790 sqft

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This property looks like a bad Long-Term investment with a projected -19.31% first-year return on $160k initial cash invested.

-19.31%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$2,220

Rent

-$2,576

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,220 income − $4,796 expenses = $2,576 out of pocket

Income$2,220Out of Pocket$2,576Mortgage P&I$3,754169%Property Taxes$1878%Insurance$27813%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$762k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$152k

Closing costs

1%

$7,623

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,220

Total Expenses

$4,796

Mortgage P&I

169%

$3,754

Property Taxes

8%

$187

Home Insurance

13%

$278

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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