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$3,753 (target)

2513 McGowan Ct, Wake Forest, NC 27587

3 beds • 3 baths • 2350 sqft

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This property looks like a bad Mid-Term investment with a projected -8.69% first-year return on $131k initial cash invested.

-8.69%

Cash On Cash

4.55%

Cap Rate

0.72

DSCR

$3,753

Rent

-$947

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,753 income − $4,700 expenses = $947 out of pocket

Income$3,753Out of Pocket$947Mortgage P&I$2,83375%Property Taxes$39511%Insurance$1965%Management$45012%CapEx$1504%Vacancy$1133%Maintenance$1504%Other$41311%

Investment Breakdown

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Purchase Price

$537k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$107k

Closing costs

1%

$5,367

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,753

Total Expenses

$4,700

Mortgage P&I

75%

$2,833

Property Taxes

11%

$395

Home Insurance

5%

$196

HOA

0%

$0

Property Management

12%

$450

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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