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$6,256 (target)

94 Laurel Ledge Way, Fletcher, NC 28732

3 beds • 4 baths • 3275 sqft

$2,695,000

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This property looks like a bad Mid-Term investment with a projected -23.42% first-year return on $584k initial cash invested.

-23.42%

Cash On Cash

1.02%

Cap Rate

0.17

DSCR

$6,256

Rent

-$11,395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,256 income − $17,651 expenses = $11,395 out of pocket

Income$6,256Out of Pocket$11,395Mortgage P&I$13,435215%Property Taxes$71411%Insurance$94315%HOA$4327%Management$75112%CapEx$2504%Vacancy$1883%Maintenance$2504%Other$68811%

Investment Breakdown

|

Purchase Price

$2695k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$584k

Downpayment

20%

$539k

Closing costs

1%

$26,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,256

Total Expenses

$17,651

Mortgage P&I

215%

$13,435

Property Taxes

11%

$714

Home Insurance

15%

$943

HOA

7%

$432

Property Management

12%

$751

CapEx

4%

$250

Vacancy

3%

$188

Maintenance

4%

$250

Other

11%

$688

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