REI Lense

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$5,084 (target)

417 Garden Ln, Lake Lure, NC 28746

3 beds • 3 baths • 2624 sqft

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This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $200k initial cash invested.

-10.67%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$5,084

Rent

-$1,782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,084 income − $6,866 expenses = $1,782 out of pocket

Income$5,084Out of Pocket$1,782Mortgage P&I$4,33685%Property Taxes$48710%Insurance$3156%Management$61012%CapEx$2034%Vacancy$1533%Maintenance$2034%Other$55911%

Investment Breakdown

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Purchase Price

$869k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$200k

Downpayment

20%

$174k

Closing costs

1%

$8,689

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,084

Total Expenses

$6,866

Mortgage P&I

85%

$4,336

Property Taxes

10%

$487

Home Insurance

6%

$315

HOA

0%

$0

Property Management

12%

$610

CapEx

4%

$203

Vacancy

3%

$153

Maintenance

4%

$203

Other

11%

$559

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