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1473 Altamahaw Union Ridge Rd, Burlington, NC 27217
3 beds • 3 baths • 3322 sqft
$744,600
View on ZillowThis property looks like a bad Long-Term investment with a projected -17.53% first-year return on $156k initial cash invested.
-17.53%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$3,193
Rent
-$2,284
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,193 income − $5,477 expenses = $2,284 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,193
Total Expenses
$5,477
Mortgage P&I
124%
$3,962
Property Taxes
11%
$352
Home Insurance
10%
$332
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0