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$2,914 (target)

224 Farrington Dr, Clayton, NC 27520

3 beds • 2 baths • 1728 sqft

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This property might be a fair Mid-Term investment with a projected 0.45% first-year return on $82,638 initial cash invested.

0.45%

Cash On Cash

6.77%

Cap Rate

1.09

DSCR

$2,914

Rent

$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,914 income − $2,883 expenses = $31 cash flow

Income$2,914Mortgage P&I$1,58854%Property Taxes$1686%Insurance$1104%HOA$251%Management$35012%CapEx$1174%Vacancy$873%Maintenance$1174%Other$32111%Cash Flow$31

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,638

Downpayment

20%

$61,560

Closing costs

1%

$3,078

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,914

Total Expenses

$2,883

Mortgage P&I

55%

$1,588

Property Taxes

6%

$168

Home Insurance

4%

$110

HOA

1%

$25

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$87

Maintenance

4%

$117

Other

11%

$321

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