REI Lense

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$2,384 (target)

178 Trailwood Dr, Forest City, NC 28043

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $77,577 initial cash invested.

-1.87%

Cash On Cash

5.99%

Cap Rate

0.98

DSCR

$2,384

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,384 income − $2,505 expenses = $121 out of pocket

Income$2,384Out of Pocket$121Mortgage P&I$1,44260%Property Taxes$1546%Insurance$994%Management$28612%CapEx$954%Vacancy$723%Maintenance$954%Other$26211%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,577

Downpayment

20%

$56,740

Closing costs

1%

$2,837

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,384

Total Expenses

$2,505

Mortgage P&I

60%

$1,442

Property Taxes

6%

$154

Home Insurance

4%

$99

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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