REI Lense

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$2,102 (target)

335 Providence Rd, Forest City, NC 28043

3 beds • 3 baths • 2111 sqft

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This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $73,521 initial cash invested.

-8.41%

Cash On Cash

4.59%

Cap Rate

0.77

DSCR

$2,102

Rent

-$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,102 income − $2,617 expenses = $515 out of pocket

Income$2,102Out of Pocket$515Mortgage P&I$1,75083%Property Taxes$1959%Insurance$1266%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,521

Downpayment

20%

$70,020

Closing costs

1%

$3,501

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,102

Total Expenses

$2,617

Mortgage P&I

83%

$1,750

Property Taxes

9%

$195

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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