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$3,050 (target)

306 Clark Lake Rd, Durham, NC 27707

3 beds • 2 baths • 1981 sqft

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This property looks like a bad Mid-Term investment with a projected -14.93% first-year return on $128k initial cash invested.

-14.93%

Cash On Cash

3.38%

Cap Rate

0.5

DSCR

$3,050

Rent

-$1,596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,050 income − $4,646 expenses = $1,596 out of pocket

Income$3,050Out of Pocket$1,596Mortgage P&I$2,95297%Property Taxes$47215%Insurance$1846%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,050

Total Expenses

$4,646

Mortgage P&I

97%

$2,952

Property Taxes

15%

$472

Home Insurance

6%

$184

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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