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$2,606 (target)

469 Lakeview Dr, Burlington, NC 27215

3 beds • 2 baths • 1571 sqft

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This property might be a fair Mid-Term investment with a projected 6.06% first-year return on $63,150 initial cash invested.

6.06%

Cash On Cash

8.85%

Cap Rate

1.36

DSCR

$2,606

Rent

$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,606 income − $2,287 expenses = $319 cash flow

Income$2,606Mortgage P&I$1,16345%Property Taxes$1636%Insurance$753%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%Cash Flow$319

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,606

Total Expenses

$2,287

Mortgage P&I

45%

$1,163

Property Taxes

6%

$163

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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