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$1,884 (target)

1105 Lake Ridge Dr, Creedmoor, NC 27522

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $76,419 initial cash invested.

-14.51%

Cash On Cash

3.84%

Cap Rate

0.58

DSCR

$1,884

Rent

-$924

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,884 income − $2,808 expenses = $924 out of pocket

Income$1,884Out of Pocket$924Mortgage P&I$1,993106%Property Taxes$19510%Insurance$1317%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,419

Downpayment

20%

$72,780

Closing costs

1%

$3,639

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,884

Total Expenses

$2,808

Mortgage P&I

106%

$1,993

Property Taxes

10%

$195

Home Insurance

7%

$131

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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