REI Lense

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$2,976 (target)

310 Northcliff Dr, Durham, NC 27712

3 beds • 3 baths • 1680 sqft

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This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $98,367 initial cash invested.

-4.97%

Cash On Cash

5.54%

Cap Rate

0.86

DSCR

$2,976

Rent

-$407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,976 income − $3,383 expenses = $407 out of pocket

Income$2,976Out of Pocket$407Mortgage P&I$2,05569%Property Taxes$1796%Insurance$1385%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,367

Downpayment

20%

$76,540

Closing costs

1%

$3,827

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,976

Total Expenses

$3,383

Mortgage P&I

69%

$2,055

Property Taxes

6%

$179

Home Insurance

5%

$138

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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