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$1,533 (target)

1302 Durham Meadows Dr, Burlington, NC 27217

3 beds • 2 baths • 1360 sqft

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This property looks like a bad Long-Term investment with a projected -9.93% first-year return on $58,380 initial cash invested.

-9.93%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$1,533

Rent

-$483

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,533 income − $2,016 expenses = $483 out of pocket

Income$1,533Out of Pocket$483Mortgage P&I$1,39191%Property Taxes$1308%Insurance$966%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,380

Downpayment

20%

$55,600

Closing costs

1%

$2,780

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,533

Total Expenses

$2,016

Mortgage P&I

91%

$1,391

Property Taxes

8%

$130

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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