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$4,608 (target)

196 Fern Loop, Lake Lure, NC 28746

3 beds • 3 baths • 2430 sqft

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This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $154k initial cash invested.

-11.11%

Cash On Cash

4.09%

Cap Rate

0.64

DSCR

$4,608

Rent

-$1,426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,608 income − $6,034 expenses = $1,426 out of pocket

Income$4,608Out of Pocket$1,426Mortgage P&I$3,44875%Property Taxes$3688%Insurance$2385%HOA$4149%Management$55312%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50711%

Investment Breakdown

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Purchase Price

$648k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$130k

Closing costs

1%

$6,479

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,608

Total Expenses

$6,034

Mortgage P&I

75%

$3,448

Property Taxes

8%

$368

Home Insurance

5%

$238

HOA

9%

$414

Property Management

12%

$553

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$507

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