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$4,770 (target)

2131 Harborway Drive, Wilmington, NC 28405

3 beds • 4 baths • 3175 sqft

$1,750,000

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This property looks like a bad Long-Term investment with a projected -22.25% first-year return on $368k initial cash invested.

-22.25%

Cash On Cash

1.48%

Cap Rate

0.25

DSCR

$4,770

Rent

-$6,815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,770 income − $11,585 expenses = $6,815 out of pocket

Income$4,770Out of Pocket$6,815Mortgage P&I$8,738183%Property Taxes$64914%Insurance$61213%HOA$3477%Management$47710%CapEx$2385%Vacancy$2866%Maintenance$2385%

Investment Breakdown

|

Purchase Price

$1750k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$368k

Downpayment

20%

$350k

Closing costs

1%

$17,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,770

Total Expenses

$11,585

Mortgage P&I

183%

$8,738

Property Taxes

14%

$649

Home Insurance

13%

$612

HOA

7%

$347

Property Management

10%

$477

CapEx

5%

$238

Vacancy

6%

$286

Maintenance

5%

$238

Other

0%

$0

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