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$3,430 (target)

616 Lake Artesia Ln, Fuquay Varina, NC 27526

3 beds • 3 baths • 2338 sqft

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This property looks like a bad Mid-Term investment with a projected -6.99% first-year return on $116k initial cash invested.

-6.99%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$3,430

Rent

-$676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,430 income − $4,106 expenses = $676 out of pocket

Income$3,430Out of Pocket$676Mortgage P&I$2,34168%Property Taxes$36511%Insurance$1705%HOA$642%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,320

Closing costs

1%

$4,666

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,430

Total Expenses

$4,106

Mortgage P&I

68%

$2,341

Property Taxes

11%

$365

Home Insurance

5%

$170

HOA

2%

$64

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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