REI Lense

REI Lense

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$2,034 (target)

105 Willow Wisp Ct, Wake Forest, NC 27587

3 beds • 3 baths • 1445 sqft

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This property looks like a bad Long-Term investment with a projected -9.57% first-year return on $66,360 initial cash invested.

-9.57%

Cash On Cash

4.43%

Cap Rate

0.73

DSCR

$2,034

Rent

-$529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,034 income − $2,563 expenses = $529 out of pocket

Income$2,034Out of Pocket$529Mortgage P&I$1,59378%Property Taxes$27714%Insurance$1146%HOA$502%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,360

Downpayment

20%

$63,200

Closing costs

1%

$3,160

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,034

Total Expenses

$2,563

Mortgage P&I

78%

$1,593

Property Taxes

14%

$277

Home Insurance

6%

$114

HOA

2%

$50

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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