REI Lense

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$2,810 (target)

219 Carroll St, Wake Forest, NC 27587

3 beds • 2 baths • 1180 sqft

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This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $88,224 initial cash invested.

-2.54%

Cash On Cash

5.74%

Cap Rate

0.96

DSCR

$2,810

Rent

-$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,810 income − $2,997 expenses = $187 out of pocket

Income$2,810Out of Pocket$187Mortgage P&I$1,67460%Property Taxes$2579%Insurance$1124%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,224

Downpayment

20%

$66,880

Closing costs

1%

$3,344

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,810

Total Expenses

$2,997

Mortgage P&I

60%

$1,674

Property Taxes

9%

$257

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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