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2428 Optimist Farm Rd, Apex, NC 27539

3 beds • 3 baths • 3459 sqft

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This property looks like a bad Mid-Term investment with a projected -9.93% first-year return on $176k initial cash invested.

-9.93%

Cash On Cash

3.73%

Cap Rate

0.65

DSCR

$4,312

Rent

-$1,459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$754k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$151k

Closing costs

1%

$7,543

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,312

Total Expenses

$5,771

Mortgage P&I

84%

$3,630

Property Taxes

9%

$406

Home Insurance

6%

$271

HOA

0%

$0

Property Management

12%

$517

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$474

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