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$2,874 (target)

112 S Marina Dr Lot A & B, Nags Head, NC 27959

3 beds • 2 baths • 2334 sqft

$1,149,500

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This property looks like a bad Long-Term investment with a projected -22.58% first-year return on $241k initial cash invested.

-22.58%

Cash On Cash

1.37%

Cap Rate

0.23

DSCR

$2,874

Rent

-$4,542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,874 income − $7,416 expenses = $4,542 out of pocket

Income$2,874Out of Pocket$4,542Mortgage P&I$5,712199%Property Taxes$55519%Insurance$40214%Management$28710%CapEx$1445%Vacancy$1726%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$1150k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$241k

Downpayment

20%

$230k

Closing costs

1%

$11,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,874

Total Expenses

$7,416

Mortgage P&I

199%

$5,712

Property Taxes

19%

$555

Home Insurance

14%

$402

HOA

0%

$0

Property Management

10%

$287

CapEx

5%

$144

Vacancy

6%

$172

Maintenance

5%

$144

Other

0%

$0

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