REI Lense

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$2,829 (target)

1601 Forest Lynks Dr, Wake Forest, NC 27587

3 beds • 2 baths • 1240 sqft

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This property looks like a bad Mid-Term investment with a projected -1.88% first-year return on $88,224 initial cash invested.

-1.88%

Cash On Cash

5.78%

Cap Rate

0.98

DSCR

$2,829

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,224

Downpayment

20%

$66,880

Closing costs

1%

$3,344

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,829

Total Expenses

$2,967

Mortgage P&I

58%

$1,637

Property Taxes

9%

$250

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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