REI Lense

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$3,054 (target)

144 Wolfridge Ct, Willow Spring, NC 27592

3 beds • 2 baths • 1819 sqft

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This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $96,288 initial cash invested.

-4.6%

Cash On Cash

5.89%

Cap Rate

0.88

DSCR

$3,054

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,054 income − $3,423 expenses = $369 out of pocket

Income$3,054Out of Pocket$369Mortgage P&I$2,07668%Property Taxes$1786%Insurance$1314%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,288

Downpayment

20%

$74,560

Closing costs

1%

$3,728

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,054

Total Expenses

$3,423

Mortgage P&I

68%

$2,076

Property Taxes

6%

$178

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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