REI Lense

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$2,459 (target)

167 Green Meadows Dr, Forest City, NC 28043

3 beds • 2 baths • 2389 sqft

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This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $116k initial cash invested.

-15.16%

Cash On Cash

3.12%

Cap Rate

0.52

DSCR

$2,459

Rent

-$1,463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,459 income − $3,922 expenses = $1,463 out of pocket

Income$2,459Out of Pocket$1,463Mortgage P&I$2,773113%Property Taxes$30913%Insurance$2008%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$551k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,459

Total Expenses

$3,922

Mortgage P&I

113%

$2,773

Property Taxes

13%

$309

Home Insurance

8%

$200

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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