REI Lense

REI Lense

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$3,846 (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 Mid-Term investment with a projected -2.99% first-year return on $114k initial cash invested.

-2.99%

Cash On Cash

5.54%

Cap Rate

0.94

DSCR

$3,846

Rent

-$283

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

$114k

Downpayment

20%

$91,180

Closing costs

1%

$4,559

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,846

Total Expenses

$4,129

Mortgage P&I

58%

$2,232

Property Taxes

11%

$412

Home Insurance

4%

$163

HOA

0%

$14

Property Management

12%

$462

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$423

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