REI Lense

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$4,684 (target)

603 Laurel Lakes Pkwy, Lake Lure, NC 28746

3 beds • 3 baths • 2199 sqft

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This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $138k initial cash invested.

-2.88%

Cash On Cash

5.68%

Cap Rate

0.95

DSCR

$4,684

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,684 income − $5,015 expenses = $331 out of pocket

Income$4,684Out of Pocket$331Mortgage P&I$2,84261%Property Taxes$3227%Insurance$2084%HOA$511%Management$56212%CapEx$1874%Vacancy$1413%Maintenance$1874%Other$51511%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,700

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,684

Total Expenses

$5,015

Mortgage P&I

61%

$2,842

Property Taxes

7%

$322

Home Insurance

4%

$208

HOA

1%

$51

Property Management

12%

$562

CapEx

4%

$187

Vacancy

3%

$141

Maintenance

4%

$187

Other

11%

$515

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