REI Lense

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$3,132 (target)

1867 Bills Creek Rd, Lake Lure, NC 28746

3 beds • 3 baths • 1927 sqft

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This property looks like a bad Long-Term investment with a projected -15.88% first-year return on $142k initial cash invested.

-15.88%

Cash On Cash

3.26%

Cap Rate

0.52

DSCR

$3,132

Rent

-$1,880

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,132 income − $5,012 expenses = $1,880 out of pocket

Income$3,132Out of Pocket$1,880Mortgage P&I$3,563114%Property Taxes$38512%Insurance$2498%Management$31310%CapEx$1575%Vacancy$1886%Maintenance$1575%

Investment Breakdown

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Purchase Price

$676k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$135k

Closing costs

1%

$6,763

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,132

Total Expenses

$5,012

Mortgage P&I

114%

$3,563

Property Taxes

12%

$385

Home Insurance

8%

$249

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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