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$4,908 (target)

144 Neighborly Dr, Lake Lure, NC 28746

3 beds • 5 baths • 4792 sqft

$1,671,660

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This property looks like a bad Long-Term investment with a projected -24.26% first-year return on $351k initial cash invested.

-24.26%

Cash On Cash

1.71%

Cap Rate

0.26

DSCR

$4,908

Rent

-$7,098

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,908 income − $12,006 expenses = $7,098 out of pocket

Income$4,908Out of Pocket$7,098Mortgage P&I$9,240188%Property Taxes$90618%Insurance$58512%Management$49110%CapEx$2455%Vacancy$2946%Maintenance$2455%

Investment Breakdown

|

Purchase Price

$1672k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$351k

Downpayment

20%

$334k

Closing costs

1%

$16,717

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,908

Total Expenses

$12,006

Mortgage P&I

188%

$9,240

Property Taxes

18%

$906

Home Insurance

12%

$585

HOA

0%

$0

Property Management

10%

$491

CapEx

5%

$245

Vacancy

6%

$294

Maintenance

5%

$245

Other

0%

$0

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