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$2,900 (target)

255 Seabiscuit Dr, Raeford, NC 28376

3 beds • 2 baths • 1959 sqft

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This property might be a fair Mid-Term investment with a projected 2.43% first-year return on $81,000 initial cash invested.

2.43%

Cash On Cash

7.1%

Cap Rate

1.19

DSCR

$2,900

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,900 income − $2,736 expenses = $164 cash flow

Income$2,900Mortgage P&I$1,49652%Property Taxes$1485%Insurance$1064%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$164

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,900

Total Expenses

$2,736

Mortgage P&I

52%

$1,496

Property Taxes

5%

$148

Home Insurance

4%

$106

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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