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130 Cliffside Drive, Wilmington, NC 28409

3 beds • 4 baths • 2465 sqft

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This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $113k initial cash invested.

-11.01%

Cash On Cash

3.88%

Cap Rate

0.66

DSCR

$2,770

Rent

-$1,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,388

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,770

Total Expenses

$3,808

Mortgage P&I

95%

$2,643

Property Taxes

9%

$245

Home Insurance

7%

$201

HOA

0%

$0

Property Management

10%

$277

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

3135 S Rocklund Ct, Wilmington, NC 28409

$2,650

3

2.5

2171

0.4 mi

1202 Matteo Dr, Wilmington, NC 28412

$3,195

3

3

2742

2.5 mi

4809 Rushing Dr, Wilmington, NC 28409

$2,995

3

2.5

2170

1.4 mi

3007 N Rocklund Ct, Wilmington, NC 28409

$2,700

3

2.5

1992

0.4 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

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