REI Lense

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$1,589 (target)

178 Trailwood Dr, Forest City, NC 28043

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $59,577 initial cash invested.

-10.43%

Cash On Cash

4.24%

Cap Rate

0.7

DSCR

$1,589

Rent

-$518

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,589 income − $2,107 expenses = $518 out of pocket

Income$1,589Out of Pocket$518Mortgage P&I$1,44291%Property Taxes$15410%Insurance$996%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,577

Downpayment

20%

$56,740

Closing costs

1%

$2,837

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,589

Total Expenses

$2,107

Mortgage P&I

91%

$1,442

Property Taxes

10%

$154

Home Insurance

6%

$99

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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