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$2,890 (target)

467 Forest Lake Rd, Forest City, NC 28043

3 beds • 3 baths • 2515 sqft

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This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $97,758 initial cash invested.

-4.95%

Cash On Cash

5.12%

Cap Rate

0.85

DSCR

$2,890

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,890 income − $3,293 expenses = $403 out of pocket

Income$2,890Out of Pocket$403Mortgage P&I$1,90766%Property Taxes$2448%Insurance$1585%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,758

Downpayment

20%

$75,960

Closing costs

1%

$3,798

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,890

Total Expenses

$3,293

Mortgage P&I

66%

$1,907

Property Taxes

8%

$244

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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