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$3,087 (target)

936 Borage Dr, Wake Forest, NC 27587

3 beds • 2 baths • 1598 sqft

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This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $92,886 initial cash invested.

-2.45%

Cash On Cash

5.84%

Cap Rate

0.96

DSCR

$3,087

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,087 income − $3,277 expenses = $190 out of pocket

Income$3,087Out of Pocket$190Mortgage P&I$1,80358%Property Taxes$29710%Insurance$1284%Management$37012%CapEx$1234%Vacancy$933%Maintenance$1234%Other$34011%

Investment Breakdown

|

Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,886

Downpayment

20%

$71,320

Closing costs

1%

$3,566

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,087

Total Expenses

$3,277

Mortgage P&I

58%

$1,803

Property Taxes

10%

$297

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$93

Maintenance

4%

$123

Other

11%

$340

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