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$3,957 (target)

8424 Portmarnock Ct, Wake Forest, NC 27587

3 beds • 3 baths • 2365 sqft

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This property looks like a bad Mid-Term investment with a projected -6.29% first-year return on $140k initial cash invested.

-6.29%

Cash On Cash

4.7%

Cap Rate

0.8

DSCR

$3,957

Rent

-$734

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,957 income − $4,691 expenses = $734 out of pocket

Income$3,957Out of Pocket$734Mortgage P&I$2,85572%Property Taxes$2817%Insurance$2105%Management$47512%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43511%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,813

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,957

Total Expenses

$4,691

Mortgage P&I

72%

$2,855

Property Taxes

7%

$281

Home Insurance

5%

$210

HOA

0%

$0

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

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