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$6,660 (target)

94A Laurel Ledge Way, Fletcher, NC 28732

3 beds • 4 baths • 3275 sqft

$2,495,000

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This property looks like a bad Mid-Term investment with a projected -22.66% first-year return on $542k initial cash invested.

-22.66%

Cash On Cash

1.19%

Cap Rate

0.2

DSCR

$6,660

Rent

-$10,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,660 income − $16,893 expenses = $10,233 out of pocket

Income$6,660Out of Pocket$10,233Mortgage P&I$12,438187%Property Taxes$1,10217%Insurance$87313%HOA$2163%Management$79912%CapEx$2664%Vacancy$2003%Maintenance$2664%Other$73311%

Investment Breakdown

|

Purchase Price

$2495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$542k

Downpayment

20%

$499k

Closing costs

1%

$24,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,660

Total Expenses

$16,893

Mortgage P&I

187%

$12,438

Property Taxes

17%

$1,102

Home Insurance

13%

$873

HOA

3%

$216

Property Management

12%

$799

CapEx

4%

$266

Vacancy

3%

$200

Maintenance

4%

$266

Other

11%

$733

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