REI Lense

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$1,586 (target)

1663 Harris Henrietta Rd, Forest City, NC 28043

3 beds • 2 baths • 1608 sqft

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This property could be a profitable Long-Term investment with a projected 10.27% first-year return on $30,135 initial cash invested.

10.27%

Cash On Cash

9.37%

Cap Rate

1.43

DSCR

$1,586

Rent

$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,586 income − $1,328 expenses = $258 cash flow

Income$1,586Mortgage P&I$78349%Property Taxes$815%Insurance$523%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%Cash Flow$258

Investment Breakdown

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Purchase Price

$144k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,135

Downpayment

20%

$28,700

Closing costs

1%

$1,435

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,586

Total Expenses

$1,328

Mortgage P&I

49%

$783

Property Taxes

5%

$81

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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