REI Lense

REI Lense

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$1,565 (target)

187 River Hills Dr, Forest City, NC 28043

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $58,800 initial cash invested.

-10.78%

Cash On Cash

4.23%

Cap Rate

0.69

DSCR

$1,565

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,565 income − $2,093 expenses = $528 out of pocket

Income$1,565Out of Pocket$528Mortgage P&I$1,43792%Property Taxes$15210%Insurance$986%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,565

Total Expenses

$2,093

Mortgage P&I

92%

$1,437

Property Taxes

10%

$152

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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