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$2,744 (target)

113 Lake Point Dr, Clayton, NC 27520

3 beds • 2 baths • 1841 sqft

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This property looks like a bad Mid-Term investment with a projected -6.99% first-year return on $97,149 initial cash invested.

-6.99%

Cash On Cash

4.64%

Cap Rate

0.76

DSCR

$2,744

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,744 income − $3,310 expenses = $566 out of pocket

Income$2,744Out of Pocket$566Mortgage P&I$1,91270%Property Taxes$1967%Insurance$1365%HOA$1335%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%

Investment Breakdown

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Purchase Price

$377k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,149

Downpayment

20%

$75,380

Closing costs

1%

$3,769

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,744

Total Expenses

$3,310

Mortgage P&I

70%

$1,912

Property Taxes

7%

$196

Home Insurance

5%

$136

HOA

5%

$133

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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