REI Lense

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$4,564 (target)

208 Highlands Lake Dr, Cary, NC 27518

3 beds • 3 baths • 2657 sqft

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This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $155k initial cash invested.

-8.2%

Cash On Cash

4.36%

Cap Rate

0.73

DSCR

$4,564

Rent

-$1,063

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,564 income − $5,627 expenses = $1,063 out of pocket

Income$4,564Out of Pocket$1,063Mortgage P&I$3,26171%Property Taxes$50911%Insurance$2345%HOA$702%Management$54812%CapEx$1834%Vacancy$1373%Maintenance$1834%Other$50211%

Investment Breakdown

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Purchase Price

$655k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$131k

Closing costs

1%

$6,547

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,564

Total Expenses

$5,627

Mortgage P&I

71%

$3,261

Property Taxes

11%

$509

Home Insurance

5%

$234

HOA

2%

$70

Property Management

12%

$548

CapEx

4%

$183

Vacancy

3%

$137

Maintenance

4%

$183

Other

11%

$502

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