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$2,300 (target)

1302 Durham Meadows Dr, Burlington, NC 27217

3 beds • 2 baths • 1360 sqft

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This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $76,380 initial cash invested.

-1.56%

Cash On Cash

5.97%

Cap Rate

0.99

DSCR

$2,300

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,300 income − $2,399 expenses = $99 out of pocket

Income$2,300Out of Pocket$99Mortgage P&I$1,39160%Property Taxes$1306%Insurance$964%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,380

Downpayment

20%

$55,600

Closing costs

1%

$2,780

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,300

Total Expenses

$2,399

Mortgage P&I

60%

$1,391

Property Taxes

6%

$130

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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