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$3,922 (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 Mid-Term investment with a projected -8.14% first-year return on $150k initial cash invested.

-8.14%

Cash On Cash

4.39%

Cap Rate

0.73

DSCR

$3,922

Rent

-$1,020

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,922 income − $4,942 expenses = $1,020 out of pocket

Income$3,922Out of Pocket$1,020Mortgage P&I$3,16881%Property Taxes$2206%Insurance$2206%Management$47112%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43111%

Investment Breakdown

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Purchase Price

$630k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$126k

Closing costs

1%

$6,299

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,922

Total Expenses

$4,942

Mortgage P&I

81%

$3,168

Property Taxes

6%

$220

Home Insurance

6%

$220

HOA

0%

$0

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$431

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