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$3,207 (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 Mid-Term investment with a projected -5.1% first-year return on $107k initial cash invested.

-5.1%

Cash On Cash

5.05%

Cap Rate

0.85

DSCR

$3,207

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,207 income − $3,661 expenses = $454 out of pocket

Income$3,207Out of Pocket$454Mortgage P&I$2,10466%Property Taxes$31310%Insurance$1545%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

|

Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,540

Closing costs

1%

$4,227

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,207

Total Expenses

$3,661

Mortgage P&I

66%

$2,104

Property Taxes

10%

$313

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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