REI Lense

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$2,526 (target)

1208 Forest Lake Heights Dr, Nebo, NC 28761

3 beds • 3 baths • 1707 sqft

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This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $107k initial cash invested.

-8.36%

Cash On Cash

4.18%

Cap Rate

0.7

DSCR

$2,526

Rent

-$747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $3,273 expenses = $747 out of pocket

Income$2,526Out of Pocket$747Mortgage P&I$2,12784%Property Taxes$1155%Insurance$1496%HOA$231%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,526

Total Expenses

$3,273

Mortgage P&I

84%

$2,127

Property Taxes

5%

$115

Home Insurance

6%

$149

HOA

1%

$23

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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