REI Lense

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$2,220 (target)

223 Forbush Mountain Dr, Chapel Hill, NC 27514

3 beds • 2 baths • 1413 sqft

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This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $98,973 initial cash invested.

-17.62%

Cash On Cash

2.6%

Cap Rate

0.43

DSCR

$2,220

Rent

-$1,453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,220 income − $3,673 expenses = $1,453 out of pocket

Income$2,220Out of Pocket$1,453Mortgage P&I$2,364106%Property Taxes$56125%Insurance$1718%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$471k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,973

Downpayment

20%

$94,260

Closing costs

1%

$4,713

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,220

Total Expenses

$3,673

Mortgage P&I

106%

$2,364

Property Taxes

25%

$561

Home Insurance

8%

$171

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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