REI Lense

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$2,385 (target)

1560 Crimson Leaf Ln, Wake Forest, NC 27587

3 beds • 3 baths • 2328 sqft

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This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $96,243 initial cash invested.

-14.46%

Cash On Cash

3.47%

Cap Rate

0.56

DSCR

$2,385

Rent

-$1,160

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $3,545 expenses = $1,160 out of pocket

Income$2,385Out of Pocket$1,160Mortgage P&I$2,36899%Property Taxes$32214%Insurance$1637%HOA$733%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,243

Downpayment

20%

$91,660

Closing costs

1%

$4,583

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,385

Total Expenses

$3,545

Mortgage P&I

99%

$2,368

Property Taxes

14%

$322

Home Insurance

7%

$163

HOA

3%

$73

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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