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$3,342 (target)

45 Shining Water Ln, Spring Lake, NC 28390

3 beds • 3 baths • 2483 sqft

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This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $98,157 initial cash invested.

-3.53%

Cash On Cash

5.54%

Cap Rate

0.92

DSCR

$3,342

Rent

-$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,342 income − $3,631 expenses = $289 out of pocket

Income$3,342Out of Pocket$289Mortgage P&I$1,91657%Property Taxes$1745%Insurance$1354%HOA$2698%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

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Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,157

Downpayment

20%

$76,340

Closing costs

1%

$3,817

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,342

Total Expenses

$3,631

Mortgage P&I

57%

$1,916

Property Taxes

5%

$174

Home Insurance

4%

$135

HOA

8%

$269

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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