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1912 Fernwood Way, Wilmington, NC 28409

3 beds • 3 baths • 1921 sqft

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This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $126k initial cash invested.

-12.48%

Cash On Cash

3.59%

Cap Rate

0.61

DSCR

$3,075

Rent

-$1,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,991

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,075

Total Expenses

$4,383

Mortgage P&I

96%

$2,947

Property Taxes

10%

$298

Home Insurance

8%

$238

HOA

3%

$100

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

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