REI Lense

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$1,972 (target)

227 Evesham Ct, Wake Forest, NC 27587

3 beds • 2 baths • 1366 sqft

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This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $74,991 initial cash invested.

-11.55%

Cash On Cash

3.89%

Cap Rate

0.65

DSCR

$1,972

Rent

-$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,972 income − $2,694 expenses = $722 out of pocket

Income$1,972Out of Pocket$722Mortgage P&I$1,78290%Property Taxes$27114%Insurance$1286%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,991

Downpayment

20%

$71,420

Closing costs

1%

$3,571

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,972

Total Expenses

$2,694

Mortgage P&I

90%

$1,782

Property Taxes

14%

$271

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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