REI Lense

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$3,153 (target)

335 Providence Rd, Forest City, NC 28043

3 beds • 3 baths • 2111 sqft

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This property might be a fair Mid-Term investment with a projected 0.13% first-year return on $91,521 initial cash invested.

0.13%

Cash On Cash

6.46%

Cap Rate

1.08

DSCR

$3,153

Rent

$10

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,153 income − $3,143 expenses = $10 cash flow

Income$3,153Mortgage P&I$1,75056%Property Taxes$1956%Insurance$1264%Management$37812%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$10

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,521

Downpayment

20%

$70,020

Closing costs

1%

$3,501

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,153

Total Expenses

$3,143

Mortgage P&I

56%

$1,750

Property Taxes

6%

$195

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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