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176 Hemlock Ln, Lake Lure, NC 28746

3 beds • 5 baths • 4470 sqft

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This property might be a fair Mid-Term investment with a projected 2.61% first-year return on $160k initial cash invested.

2.61%

Cash On Cash

6.99%

Cap Rate

1.2

DSCR

$7,497

Rent

$349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$677k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,771

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,497

Total Expenses

$7,148

Mortgage P&I

44%

$3,297

Property Taxes

7%

$539

Home Insurance

5%

$348

HOA

6%

$414

Property Management

12%

$900

CapEx

4%

$300

Vacancy

3%

$225

Maintenance

4%

$300

Other

11%

$825

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