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$4,236 (target)

205 Monterey Drive, Wilmington, NC 28409

3 beds • 2 baths • 1762 sqft

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This property might be a fair Mid-Term investment with a projected 7.45% first-year return on $97,548 initial cash invested.

7.45%

Cash On Cash

8.62%

Cap Rate

1.4

DSCR

$4,236

Rent

$606

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,236 income − $3,630 expenses = $606 cash flow

Income$4,236Mortgage P&I$1,94646%Property Taxes$1052%Insurance$1383%HOA$2Management$50812%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46611%Cash Flow$606

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,548

Downpayment

20%

$75,760

Closing costs

1%

$3,788

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,236

Total Expenses

$3,630

Mortgage P&I

46%

$1,946

Property Taxes

2%

$105

Home Insurance

3%

$138

HOA

0%

$2

Property Management

12%

$508

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$466

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