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$3,382 (target)

2511 May Dr, Burlington, NC 27215

3 beds • 3 baths • 2315 sqft

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This property might be a fair Mid-Term investment with a projected 0.51% first-year return on $95,679 initial cash invested.

0.51%

Cash On Cash

6.55%

Cap Rate

1.1

DSCR

$3,382

Rent

$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,382 income − $3,341 expenses = $41 cash flow

Income$3,382Mortgage P&I$1,84254%Property Taxes$2207%Insurance$1304%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%Cash Flow$41

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,382

Total Expenses

$3,341

Mortgage P&I

54%

$1,842

Property Taxes

7%

$220

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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