REI Lense

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$2,673 (target)

10 Brook Forest Dr, Arden, NC 28704

3 beds • 2 baths • 2023 sqft

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This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $122k initial cash invested.

-13.66%

Cash On Cash

3.45%

Cap Rate

0.57

DSCR

$2,673

Rent

-$1,389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,673 income − $4,062 expenses = $1,389 out of pocket

Income$2,673Out of Pocket$1,389Mortgage P&I$2,924109%Property Taxes$1837%Insurance$2108%HOA$502%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,812

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,673

Total Expenses

$4,062

Mortgage P&I

109%

$2,924

Property Taxes

7%

$183

Home Insurance

8%

$210

HOA

2%

$50

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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