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$7,155 (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 Mid-Term investment with a projected -17.51% first-year return on $386k initial cash invested.

-17.51%

Cash On Cash

2.33%

Cap Rate

0.39

DSCR

$7,155

Rent

-$5,624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,155 income − $12,779 expenses = $5,624 out of pocket

Income$7,155Out of Pocket$5,624Mortgage P&I$8,738122%Property Taxes$6499%Insurance$6129%HOA$3475%Management$85912%CapEx$2864%Vacancy$2153%Maintenance$2864%Other$78711%

Investment Breakdown

|

Purchase Price

$1750k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$386k

Downpayment

20%

$350k

Closing costs

1%

$17,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,155

Total Expenses

$12,779

Mortgage P&I

122%

$8,738

Property Taxes

9%

$649

Home Insurance

9%

$612

HOA

5%

$347

Property Management

12%

$859

CapEx

4%

$286

Vacancy

3%

$215

Maintenance

4%

$286

Other

11%

$787

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