REI Lense

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$2,958 (target)

227 Evesham Ct, Wake Forest, NC 27587

3 beds • 2 baths • 1366 sqft

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This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $92,991 initial cash invested.

-2.94%

Cash On Cash

5.62%

Cap Rate

0.94

DSCR

$2,958

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,958 income − $3,186 expenses = $228 out of pocket

Income$2,958Out of Pocket$228Mortgage P&I$1,78260%Property Taxes$2719%Insurance$1284%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,991

Downpayment

20%

$71,420

Closing costs

1%

$3,571

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,958

Total Expenses

$3,186

Mortgage P&I

60%

$1,782

Property Taxes

9%

$271

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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