REI Lense

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$3,278 (target)

450 Starling Rd, Lake Lure, NC 28746

3 beds • 2 baths • 2154 sqft

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This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $110k initial cash invested.

-5.94%

Cash On Cash

5.05%

Cap Rate

0.82

DSCR

$3,278

Rent

-$543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,278 income − $3,821 expenses = $543 out of pocket

Income$3,278Out of Pocket$543Mortgage P&I$2,25169%Property Taxes$2447%Insurance$1585%HOA$542%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,400

Closing costs

1%

$4,370

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,278

Total Expenses

$3,821

Mortgage P&I

69%

$2,251

Property Taxes

7%

$244

Home Insurance

5%

$158

HOA

2%

$54

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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