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220 Jones Ct, Lake Lure, NC 28746

3 beds • 3 baths • 2444 sqft

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This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $103k initial cash invested.

-8.78%

Cash On Cash

4.44%

Cap Rate

0.75

DSCR

$2,967

Rent

-$755

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,240

Closing costs

1%

$4,912

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,967

Total Expenses

$3,722

Mortgage P&I

82%

$2,425

Property Taxes

9%

$270

Home Insurance

6%

$174

HOA

3%

$82

Property Management

10%

$297

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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