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$2,482 (target)

1435 Lanier Ct, Burlington, NC 27217

3 beds • 2 baths • 1050 sqft

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This property might be a fair Mid-Term investment with a projected 4.09% first-year return on $64,200 initial cash invested.

4.09%

Cash On Cash

8.37%

Cap Rate

1.26

DSCR

$2,482

Rent

$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,482 income − $2,263 expenses = $219 cash flow

Income$2,482Mortgage P&I$1,21649%Property Taxes$1275%Insurance$773%Management$29812%CapEx$994%Vacancy$743%Maintenance$994%Other$27311%Cash Flow$219

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,482

Total Expenses

$2,263

Mortgage P&I

49%

$1,216

Property Taxes

5%

$127

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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