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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 Long-Term investment with a projected -9.4% first-year return on $85,932 initial cash invested.

-9.4%

Cash On Cash

4.18%

Cap Rate

0.72

DSCR

$2,247

Rent

-$673

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

$85,932

Downpayment

20%

$81,840

Closing costs

1%

$4,092

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,247

Total Expenses

$2,920

Mortgage P&I

88%

$1,986

Property Taxes

6%

$129

Home Insurance

7%

$150

HOA

3%

$71

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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