REI Lense

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$2,348 (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 Mid-Term investment with a projected -2.14% first-year return on $76,800 initial cash invested.

-2.14%

Cash On Cash

5.97%

Cap Rate

0.97

DSCR

$2,348

Rent

-$137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $2,485 expenses = $137 out of pocket

Income$2,348Out of Pocket$137Mortgage P&I$1,43761%Property Taxes$1526%Insurance$984%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,348

Total Expenses

$2,485

Mortgage P&I

61%

$1,437

Property Taxes

6%

$152

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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