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$3,724 (target)

660 Lake Forest Drive SE, Pinehurst, NC 28374

3 beds • 3 baths • 3760 sqft

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This property looks like a bad Mid-Term investment with a projected -17.78% first-year return on $216k initial cash invested.

-17.78%

Cash On Cash

2.2%

Cap Rate

0.36

DSCR

$3,724

Rent

-$3,203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,724 income − $6,927 expenses = $3,203 out of pocket

Income$3,724Out of Pocket$3,203Mortgage P&I$4,782128%Property Taxes$39711%Insurance$48113%Management$44712%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41011%

Investment Breakdown

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Purchase Price

$944k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$216k

Downpayment

20%

$189k

Closing costs

1%

$9,439

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,724

Total Expenses

$6,927

Mortgage P&I

128%

$4,782

Property Taxes

11%

$397

Home Insurance

13%

$481

HOA

0%

$0

Property Management

12%

$447

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$410

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