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$4,160 (target)

2016 W Pelican Drive, Oak Island, NC 28465

3 beds • 2 baths • 1318 sqft

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This property looks like a bad Mid-Term investment with a projected -12.39% first-year return on $184k initial cash invested.

-12.39%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$4,160

Rent

-$1,899

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,160 income − $6,059 expenses = $1,899 out of pocket

Income$4,160Out of Pocket$1,899Mortgage P&I$3,99996%Property Taxes$3238%Insurance$3238%Management$49912%CapEx$1664%Vacancy$1253%Maintenance$1664%Other$45811%

Investment Breakdown

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Purchase Price

$790k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$158k

Closing costs

1%

$7,901

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,160

Total Expenses

$6,059

Mortgage P&I

96%

$3,999

Property Taxes

8%

$323

Home Insurance

8%

$323

HOA

0%

$0

Property Management

12%

$499

CapEx

4%

$166

Vacancy

3%

$125

Maintenance

4%

$166

Other

11%

$458

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