REI Lense

REI Lense

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$1,371 (target)

313 Harrill Rd, Forest City, NC 28043

3 beds • 2 baths • 1216 sqft

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This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $44,940 initial cash invested.

-8.52%

Cash On Cash

5%

Cap Rate

0.78

DSCR

$1,371

Rent

-$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,371 income − $1,690 expenses = $319 out of pocket

Income$1,371Out of Pocket$319Mortgage P&I$1,14283%Property Taxes$1168%Insurance$755%Management$13710%CapEx$695%Vacancy$826%Maintenance$695%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,940

Downpayment

20%

$42,800

Closing costs

1%

$2,140

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,371

Total Expenses

$1,690

Mortgage P&I

83%

$1,142

Property Taxes

8%

$116

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$69

Vacancy

6%

$82

Maintenance

5%

$69

Other

0%

$0

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