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$2,655 (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 Mid-Term investment with a projected -8.4% first-year return on $88,329 initial cash invested.

-8.4%

Cash On Cash

4.74%

Cap Rate

0.72

DSCR

$2,655

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $3,273 expenses = $618 out of pocket

Income$2,655Out of Pocket$618Mortgage P&I$1,83469%Property Taxes$1506%Insurance$1174%HOA$26910%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,329

Downpayment

20%

$66,980

Closing costs

1%

$3,349

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,655

Total Expenses

$3,273

Mortgage P&I

69%

$1,834

Property Taxes

6%

$150

Home Insurance

4%

$117

HOA

10%

$269

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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