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$1,962 (target)

119 Egret Rd, Lake Lure, NC 28746

3 beds • 3 baths • 2244 sqft

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This property looks like a bad Long-Term investment with a projected -19.18% first-year return on $115k initial cash invested.

-19.18%

Cash On Cash

2.17%

Cap Rate

0.36

DSCR

$1,962

Rent

-$1,830

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,962 income − $3,792 expenses = $1,830 out of pocket

Income$1,962Out of Pocket$1,830Mortgage P&I$2,719139%Property Taxes$30916%Insurance$20010%HOA$543%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$109k

Closing costs

1%

$5,453

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,962

Total Expenses

$3,792

Mortgage P&I

139%

$2,719

Property Taxes

16%

$309

Home Insurance

10%

$200

HOA

3%

$54

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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