REI Lense

REI Lense

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$2,564 (target)

613 Middle Bridge Rd, Wake Forest, NC 27587

3 beds • 3 baths • 2417 sqft

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This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $95,739 initial cash invested.

-11.57%

Cash On Cash

3.78%

Cap Rate

0.64

DSCR

$2,564

Rent

-$923

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$456k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,739

Downpayment

20%

$91,180

Closing costs

1%

$4,559

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,564

Total Expenses

$3,487

Mortgage P&I

87%

$2,232

Property Taxes

16%

$412

Home Insurance

6%

$163

HOA

1%

$14

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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