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$4,338 (target)

1043 Headwater Cove Lane, Wilmington, NC 28403

3 beds • 5 baths • 2700 sqft

$1,090,000

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This property looks like a bad Mid-Term investment with a projected -16.89% first-year return on $247k initial cash invested.

-16.89%

Cash On Cash

2.33%

Cap Rate

0.39

DSCR

$4,338

Rent

-$3,476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,338 income − $7,814 expenses = $3,476 out of pocket

Income$4,338Out of Pocket$3,476Mortgage P&I$5,419125%Property Taxes$2676%Insurance$3829%HOA$2706%Management$52112%CapEx$1744%Vacancy$1303%Maintenance$1744%Other$47711%

Investment Breakdown

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Purchase Price

$1090k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$247k

Downpayment

20%

$218k

Closing costs

1%

$10,900

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,338

Total Expenses

$7,814

Mortgage P&I

125%

$5,419

Property Taxes

6%

$267

Home Insurance

9%

$382

HOA

6%

$270

Property Management

12%

$521

CapEx

4%

$174

Vacancy

3%

$130

Maintenance

4%

$174

Other

11%

$477

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