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Long-Term Rental Analysis
1218 Boyer St, Raleigh, NC 27610
$279,999 • 2 beds • 1 baths • 790 sqft

This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $58,800 initial cash invested.

Cash On Cash
-15.47%
Cap Rate
3.42%
Rent
$1,302
Cashflow
-$758
Rent Confidence:  High
Annual
$15,624
Median
$1,250
Avg
$1,301
Samples
25
Financing
Purchase Price  $280k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $58,800
Downpayment  $56,000
Closing costs  $2,800
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $1,302
Total Expenses  $2,060
Mortgage P&I  $1,490
Property Taxes  $134
Home Insurance  $98
PManagement  $130
CapEx  $65
Vacancy  $78
Maintenance  $65
Other  $0
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#Comparable PropertyRentBedsBathsSQFTDistance
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9611 E Davie St, Apt C$1775218001.1 mi
10321 Angier Ave$1260217740.9 mi
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121911 Hawkins St$975218180.7 mi
131926 New Bern Ave$975218180.8 mi
141320 Poole Rd, Apt J$1100217180.3 mi
151320 Poole Rd, Apt L$1250217180.3 mi
161320 Poole Rd, Apt I$1200217180.3 mi
17709 Vardaman St$1195218241.3 mi
18709 Vardaman St, Apt 201$1195218241.3 mi
19713 Vardaman St, Apt 201$1195218241.3 mi
20713 Vardaman St, Apt 105$1195218241.3 mi
21709 Vardaman St, Apt 103$1195218241.3 mi
22717 Vardaman St, Apt 203$1195218241.3 mi
23812 Colleton Rd$1395218741.3 mi
241408 Beauty Ave$1400217061.1 mi
25734 E Lenoir St$1395219001.1 mi