REI Lense

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$4,022 (target)

2104 Possum Trot Rd, Wake Forest, NC 27587

3 beds • 3 baths • 2635 sqft

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This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $140k initial cash invested.

-6.23%

Cash On Cash

4.87%

Cap Rate

0.81

DSCR

$4,022

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,022 income − $4,749 expenses = $727 out of pocket

Income$4,022Out of Pocket$727Mortgage P&I$2,92673%Property Taxes$2456%Insurance$2105%Management$48312%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44211%

Investment Breakdown

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Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,816

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,022

Total Expenses

$4,749

Mortgage P&I

73%

$2,926

Property Taxes

6%

$245

Home Insurance

5%

$210

HOA

0%

$0

Property Management

12%

$483

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$442

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