REI Lense

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$4,281 (target)

9801 Joe Kerr Rd, Waxhaw, NC 28173

3 beds • 2 baths • 2356 sqft

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This property looks like a bad Mid-Term investment with a projected -11.82% first-year return on $191k initial cash invested.

-11.82%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$4,281

Rent

-$1,882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,281 income − $6,163 expenses = $1,882 out of pocket

Income$4,281Out of Pocket$1,882Mortgage P&I$4,11296%Property Taxes$3077%Insurance$2897%Management$51412%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$47111%

Investment Breakdown

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Purchase Price

$825k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$165k

Closing costs

1%

$8,245

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,281

Total Expenses

$6,163

Mortgage P&I

96%

$4,112

Property Taxes

7%

$307

Home Insurance

7%

$289

HOA

0%

$0

Property Management

12%

$514

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$471

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