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$2,382 (target)

2218 S Virginia Dare Trl, Nags Head, NC 27959

3 beds • 2 baths • 1357 sqft

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This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $188k initial cash invested.

-20.46%

Cash On Cash

1.86%

Cap Rate

0.31

DSCR

$2,382

Rent

-$3,205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,382 income − $5,587 expenses = $3,205 out of pocket

Income$2,382Out of Pocket$3,205Mortgage P&I$4,473188%Property Taxes$1828%Insurance$31313%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$895k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$188k

Downpayment

20%

$179k

Closing costs

1%

$8,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,382

Total Expenses

$5,587

Mortgage P&I

188%

$4,473

Property Taxes

8%

$182

Home Insurance

13%

$313

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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