REI Lense

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$3,072 (target)

196 Fern Loop, Lake Lure, NC 28746

3 beds • 3 baths • 2430 sqft

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This property looks like a bad Long-Term investment with a projected -19.36% first-year return on $136k initial cash invested.

-19.36%

Cash On Cash

2.61%

Cap Rate

0.41

DSCR

$3,072

Rent

-$2,195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,072 income − $5,267 expenses = $2,195 out of pocket

Income$3,072Out of Pocket$2,195Mortgage P&I$3,448112%Property Taxes$36812%Insurance$2388%HOA$41413%Management$30710%CapEx$1545%Vacancy$1846%Maintenance$1545%

Investment Breakdown

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Purchase Price

$648k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$130k

Closing costs

1%

$6,479

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,072

Total Expenses

$5,267

Mortgage P&I

112%

$3,448

Property Taxes

12%

$368

Home Insurance

8%

$238

HOA

13%

$414

Property Management

10%

$307

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

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