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724 Forrest Ln, Creedmoor, NC 27522

3 beds • 3 baths • 2320 sqft

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This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $83,769 initial cash invested.

-10.19%

Cash On Cash

4.09%

Cap Rate

0.7

DSCR

$2,372

Rent

-$711

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,769

Downpayment

20%

$79,780

Closing costs

1%

$3,989

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,372

Total Expenses

$3,083

Mortgage P&I

82%

$1,951

Property Taxes

15%

$350

Home Insurance

6%

$142

HOA

1%

$23

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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