REI Lense

REI Lense

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$2,615 (target)

7913 River Ridge Rd, Wake Forest, NC 27587

3 beds • 3 baths • 2488 sqft

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This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $132k initial cash invested.

-15.19%

Cash On Cash

3.1%

Cap Rate

0.51

DSCR

$2,615

Rent

-$1,674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,615 income − $4,289 expenses = $1,674 out of pocket

Income$2,615Out of Pocket$1,674Mortgage P&I$3,168121%Property Taxes$2208%Insurance$2208%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$630k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,615

Total Expenses

$4,289

Mortgage P&I

121%

$3,168

Property Taxes

8%

$220

Home Insurance

8%

$220

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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