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$1,821 (target)

1822 Waddell Street, Wilmington, NC 28401

3 beds • 2 baths • 1087 sqft

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This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $66,864 initial cash invested.

-10.48%

Cash On Cash

4.59%

Cap Rate

0.71

DSCR

$1,821

Rent

-$584

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,821 income − $2,405 expenses = $584 out of pocket

Income$1,821Out of Pocket$584Mortgage P&I$1,71094%Property Taxes$1227%Insurance$1005%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,864

Downpayment

20%

$63,680

Closing costs

1%

$3,184

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,821

Total Expenses

$2,405

Mortgage P&I

94%

$1,710

Property Taxes

7%

$122

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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