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$1,770 (target)

56 Orchard Falls Dr, Spring Lake, NC 28390

3 beds • 3 baths • 1832 sqft

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This property looks like a bad Long-Term investment with a projected -18.07% first-year return on $70,329 initial cash invested.

-18.07%

Cash On Cash

3.09%

Cap Rate

0.47

DSCR

$1,770

Rent

-$1,059

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,770 income − $2,829 expenses = $1,059 out of pocket

Income$1,770Out of Pocket$1,059Mortgage P&I$1,834104%Property Taxes$1508%Insurance$1177%HOA$26915%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,329

Downpayment

20%

$66,980

Closing costs

1%

$3,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,770

Total Expenses

$2,829

Mortgage P&I

104%

$1,834

Property Taxes

8%

$150

Home Insurance

7%

$117

HOA

15%

$269

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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