REI Lense

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$1,564 (target)

138 Oak Hill Dr, Forest City, NC 28043

3 beds • 2 baths • 1324 sqft

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This property looks like a bad Long-Term investment with a projected -8.05% first-year return on $54,579 initial cash invested.

-8.05%

Cash On Cash

4.64%

Cap Rate

0.78

DSCR

$1,564

Rent

-$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,564 income − $1,930 expenses = $366 out of pocket

Income$1,564Out of Pocket$366Mortgage P&I$1,29283%Property Taxes$1419%Insurance$916%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,564

Total Expenses

$1,930

Mortgage P&I

83%

$1,292

Property Taxes

9%

$141

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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