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$2,701 (target)

216 Lake Pines Ln, Lexington, NC 27292

3 beds • 3 baths • 3336 sqft

$1,349,200

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This property looks like a bad Long-Term investment with a projected -27.72% first-year return on $283k initial cash invested.

-27.72%

Cash On Cash

0.85%

Cap Rate

0.13

DSCR

$2,701

Rent

-$6,544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,701 income − $9,245 expenses = $6,544 out of pocket

Income$2,701Out of Pocket$6,544Mortgage P&I$7,370273%Property Taxes$66525%Insurance$50819%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$1349k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$283k

Downpayment

20%

$270k

Closing costs

1%

$13,492

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,701

Total Expenses

$9,245

Mortgage P&I

273%

$7,370

Property Taxes

25%

$665

Home Insurance

19%

$508

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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