REI Lense

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$2,058 (target)

936 Borage Dr, Wake Forest, NC 27587

3 beds • 2 baths • 1598 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $74,886 initial cash invested.

-11.3%

Cash On Cash

4.04%

Cap Rate

0.67

DSCR

$2,058

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,058 income − $2,763 expenses = $705 out of pocket

Income$2,058Out of Pocket$705Mortgage P&I$1,80388%Property Taxes$29714%Insurance$1286%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,886

Downpayment

20%

$71,320

Closing costs

1%

$3,566

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,058

Total Expenses

$2,763

Mortgage P&I

88%

$1,803

Property Taxes

14%

$297

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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