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3002 Lake Shore Rd S, Denver, NC 28037

3 beds • 2 baths • 2939 sqft

$1,395,000

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This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $293k initial cash invested.

-23.95%

Cash On Cash

0.99%

Cap Rate

0.17

DSCR

$2,650

Rent

-$5,847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$293k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,650

Total Expenses

$8,497

Mortgage P&I

259%

$6,871

Property Taxes

17%

$450

Home Insurance

18%

$488

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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