REI Lense

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$4,954 (target)

189 Cameron Ln, Lake Lure, NC 28746

3 beds • 3 baths • 2912 sqft

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This property looks like a bad Mid-Term investment with a projected -8.75% first-year return on $165k initial cash invested.

-8.75%

Cash On Cash

4.16%

Cap Rate

0.71

DSCR

$4,954

Rent

-$1,205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,954 income − $6,159 expenses = $1,205 out of pocket

Income$4,954Out of Pocket$1,205Mortgage P&I$3,43769%Property Taxes$3798%Insurance$2455%HOA$4148%Management$59412%CapEx$1984%Vacancy$1493%Maintenance$1984%Other$54511%

Investment Breakdown

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Purchase Price

$702k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$7,015

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,954

Total Expenses

$6,159

Mortgage P&I

69%

$3,437

Property Taxes

8%

$379

Home Insurance

5%

$245

HOA

8%

$414

Property Management

12%

$594

CapEx

4%

$198

Vacancy

3%

$149

Maintenance

4%

$198

Other

11%

$545

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