REI Lense

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$1,090 (target)

828 Ferry Rd, Forest City, NC 28043

3 beds • 2 baths • 2046 sqft

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This property looks like a bad Long-Term investment with a projected -20.77% first-year return on $75,579 initial cash invested.

-20.77%

Cash On Cash

1.8%

Cap Rate

0.3

DSCR

$1,090

Rent

-$1,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,090 income − $2,398 expenses = $1,308 out of pocket

Income$1,090Out of Pocket$1,308Mortgage P&I$1,795165%Property Taxes$19518%Insurance$12612%Management$10910%CapEx$545%Vacancy$656%Maintenance$545%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,090

Total Expenses

$2,398

Mortgage P&I

165%

$1,795

Property Taxes

18%

$195

Home Insurance

12%

$126

HOA

0%

$0

Property Management

10%

$109

CapEx

5%

$54

Vacancy

6%

$65

Maintenance

5%

$54

Other

0%

$0

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