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$2,625 (target)

1937 Birmingham Ave, Durham, NC 27704

3 beds • 2 baths • 1097 sqft

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This property looks like a bad Mid-Term investment with a projected -1.55% first-year return on $76,632 initial cash invested.

-1.55%

Cash On Cash

6.77%

Cap Rate

1

DSCR

$2,625

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,625 income − $2,724 expenses = $99 out of pocket

Income$2,625Out of Pocket$99Mortgage P&I$1,57060%Property Taxes$1616%Insurance$1004%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,632

Downpayment

20%

$55,840

Closing costs

1%

$2,792

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,625

Total Expenses

$2,724

Mortgage P&I

60%

$1,570

Property Taxes

6%

$161

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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