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$3,188 (target)

45 Raintree Ln, Spring Lake, NC 28390

3 beds • 3 baths • 2021 sqft

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This property might be a fair Mid-Term investment with a projected 1.16% first-year return on $88,707 initial cash invested.

1.16%

Cash On Cash

6.9%

Cap Rate

1.12

DSCR

$3,188

Rent

$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,188 income − $3,102 expenses = $86 cash flow

Income$3,188Mortgage P&I$1,72354%Property Taxes$1555%Insurance$1184%HOA$201%Management$38312%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35111%Cash Flow$86

Investment Breakdown

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Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,707

Downpayment

20%

$67,340

Closing costs

1%

$3,367

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,188

Total Expenses

$3,102

Mortgage P&I

54%

$1,723

Property Taxes

5%

$155

Home Insurance

4%

$118

HOA

1%

$20

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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