REI Lense

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$2,638 (target)

8424 Portmarnock Ct, Wake Forest, NC 27587

3 beds • 3 baths • 2365 sqft

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $122k initial cash invested.

-13.7%

Cash On Cash

3.29%

Cap Rate

0.56

DSCR

$2,638

Rent

-$1,394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,638 income − $4,032 expenses = $1,394 out of pocket

Income$2,638Out of Pocket$1,394Mortgage P&I$2,855108%Property Taxes$28111%Insurance$2108%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,813

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,638

Total Expenses

$4,032

Mortgage P&I

108%

$2,855

Property Taxes

11%

$281

Home Insurance

8%

$210

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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