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$3,043 (target)

208 Highlands Lake Dr, Cary, NC 27518

3 beds • 3 baths • 2657 sqft

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This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $137k initial cash invested.

-15.9%

Cash On Cash

2.92%

Cap Rate

0.49

DSCR

$3,043

Rent

-$1,822

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,043 income − $4,865 expenses = $1,822 out of pocket

Income$3,043Out of Pocket$1,822Mortgage P&I$3,261107%Property Taxes$50917%Insurance$2348%HOA$702%Management$30410%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

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Purchase Price

$655k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$131k

Closing costs

1%

$6,547

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,043

Total Expenses

$4,865

Mortgage P&I

107%

$3,261

Property Taxes

17%

$509

Home Insurance

8%

$234

HOA

2%

$70

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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