REI Lense

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$2,685 (target)

349 N Woodleaf Rd, Forest City, NC 28043

3 beds • 2 baths • 2023 sqft

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This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $92,109 initial cash invested.

-4.38%

Cash On Cash

5.28%

Cap Rate

0.87

DSCR

$2,685

Rent

-$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $3,021 expenses = $336 out of pocket

Income$2,685Out of Pocket$336Mortgage P&I$1,78366%Property Taxes$1987%Insurance$1285%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,109

Downpayment

20%

$70,580

Closing costs

1%

$3,529

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$3,021

Mortgage P&I

66%

$1,783

Property Taxes

7%

$198

Home Insurance

5%

$128

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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