REI Lense

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$2,462 (target)

6301 Willowlawn Dr, Wake Forest, NC 27587

3 beds • 3 baths • 2342 sqft

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This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $87,801 initial cash invested.

-10.05%

Cash On Cash

4.44%

Cap Rate

0.72

DSCR

$2,462

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $3,197 expenses = $735 out of pocket

Income$2,462Out of Pocket$735Mortgage P&I$2,16088%Property Taxes$2219%Insurance$1667%HOA$10Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,801

Downpayment

20%

$83,620

Closing costs

1%

$4,181

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,462

Total Expenses

$3,197

Mortgage P&I

88%

$2,160

Property Taxes

9%

$221

Home Insurance

7%

$166

HOA

0%

$10

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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