REI Lense

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$2,870 (target)

411 W Cedar Ave, Wake Forest, NC 27587

3 beds • 2 baths • 1759 sqft

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This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $99,711 initial cash invested.

-7.53%

Cash On Cash

4.81%

Cap Rate

0.75

DSCR

$2,870

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $3,496 expenses = $626 out of pocket

Income$2,870Out of Pocket$626Mortgage P&I$2,07172%Property Taxes$30911%Insurance$1405%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,711

Downpayment

20%

$77,820

Closing costs

1%

$3,891

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$3,496

Mortgage P&I

72%

$2,071

Property Taxes

11%

$309

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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