REI Lense

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$2,037 (target)

600 Forge Rd, Durham, NC 27713

3 beds • 2 baths • 1384 sqft

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This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $79,338 initial cash invested.

-14.58%

Cash On Cash

3.65%

Cap Rate

0.57

DSCR

$2,037

Rent

-$964

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,037 income − $3,001 expenses = $964 out of pocket

Income$2,037Out of Pocket$964Mortgage P&I$2,01199%Property Taxes$32016%Insurance$1226%HOA$181%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,338

Downpayment

20%

$75,560

Closing costs

1%

$3,778

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,037

Total Expenses

$3,001

Mortgage P&I

99%

$2,011

Property Taxes

16%

$320

Home Insurance

6%

$122

HOA

1%

$18

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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