REI Lense

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$2,138 (target)

2705 Steeple Run Dr, Wake Forest, NC 27587

3 beds • 3 baths • 2010 sqft

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This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $88,767 initial cash invested.

-13.37%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$2,138

Rent

-$989

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,138 income − $3,127 expenses = $989 out of pocket

Income$2,138Out of Pocket$989Mortgage P&I$2,10498%Property Taxes$31315%Insurance$1547%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,767

Downpayment

20%

$84,540

Closing costs

1%

$4,227

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,138

Total Expenses

$3,127

Mortgage P&I

98%

$2,104

Property Taxes

15%

$313

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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