REI Lense

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$3,207 (target)

331 Forest Oaks Dr, Clayton, NC 27527

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $115k initial cash invested.

-7.62%

Cash On Cash

4.54%

Cap Rate

0.74

DSCR

$3,207

Rent

-$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,207 income − $3,936 expenses = $729 out of pocket

Income$3,207Out of Pocket$729Mortgage P&I$2,34773%Property Taxes$31310%Insurance$1755%HOA$11Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

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Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,260

Closing costs

1%

$4,613

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,207

Total Expenses

$3,936

Mortgage P&I

73%

$2,347

Property Taxes

10%

$313

Home Insurance

5%

$175

HOA

0%

$11

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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