REI Lense

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$1,465 (target)

649 Pine St, Forest City, NC 28043

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $68,670 initial cash invested.

-14.78%

Cash On Cash

3.18%

Cap Rate

0.53

DSCR

$1,465

Rent

-$846

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,465 income − $2,311 expenses = $846 out of pocket

Income$1,465Out of Pocket$846Mortgage P&I$1,640112%Property Taxes$17712%Insurance$1148%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,670

Downpayment

20%

$65,400

Closing costs

1%

$3,270

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,465

Total Expenses

$2,311

Mortgage P&I

112%

$1,640

Property Taxes

12%

$177

Home Insurance

8%

$114

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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