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261 Palm Grove Drive, Wilmington, NC 28411

3 beds • 2 baths • 1375 sqft

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This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $104k initial cash invested.

-1.29%

Cash On Cash

5.89%

Cap Rate

1.01

DSCR

$3,370

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,840

Closing costs

1%

$4,092

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,370

Total Expenses

$3,482

Mortgage P&I

59%

$1,986

Property Taxes

4%

$129

Home Insurance

4%

$150

HOA

2%

$71

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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