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2408 Stephenson St, Durham, NC 27704

2 beds • 1 baths • 725 sqft

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This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $55,650 initial cash invested.

-11.32%

Cash On Cash

4.09%

Cap Rate

0.67

DSCR

$1,430

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,430

Total Expenses

$1,955

Mortgage P&I

95%

$1,357

Property Taxes

9%

$132

Home Insurance

7%

$93

PManagement

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

506 E Club Blvd, Durham, NC 27704

$1,630

2

1

766

0.2 mi

2501 Stephenson St, Durham, NC 27704

$1,350

2

1

800

0 mi

2501 Stephenson St, # 1, Durham, NC 27704

$1,550

2

1

800

0 mi

1005 N Mangum St, Durham, NC 27701

$1,195

2

1

750

1.3 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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