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This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $111k initial cash invested.
-9.64%
Cash On Cash
4.46%
Cap Rate
0.73
DSCR
$2,990
Rent
-$891
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $3,881 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,990
Total Expenses
$3,881
Mortgage P&I
90%
$2,703
Property Taxes
5%
$163
Home Insurance
6%
$187
HOA
2%
$50
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
3509 Awendaw Ct, Wilmington, NC 28412 | $4,000 | 5 | 3.5 | 3353 | 1.4 mi |
727 Craddock Dr, Wilmington, NC 28412 | $2,950 | 4 | 4 | 3818 | 0.8 mi |
4617 Split Rail Dr, Wilmington, NC 28412 | $2,565 | 5 | 2.5 | 1848 | 0.6 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY