REI Lense

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$3,054 (target)

9205 Richardson King Rd, Waxhaw, NC 28173

3 beds • 3 baths • 2823 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $112k initial cash invested.

-8.15%

Cash On Cash

4.57%

Cap Rate

0.77

DSCR

$3,054

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,054 income − $3,817 expenses = $763 out of pocket

Income$3,054Out of Pocket$763Mortgage P&I$2,64887%Property Taxes$1886%Insurance$1876%Management$30510%CapEx$1535%Vacancy$1836%Maintenance$1535%

Investment Breakdown

|

Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,054

Total Expenses

$3,817

Mortgage P&I

87%

$2,648

Property Taxes

6%

$188

Home Insurance

6%

$187

HOA

0%

$0

Property Management

10%

$305

CapEx

5%

$153

Vacancy

6%

$183

Maintenance

5%

$153

Other

0%

$0

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