REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

310 Spring St, Durham, NC 27703

2 beds • 2 baths • 1512 sqft

Email

This property looks like a bad Long-Term investment with a projected -3.45% first-year return on $55,650 initial cash invested.

-3.45%

Cash On Cash

5.86%

Cap Rate

0.95

DSCR

$1,900

Rent

-$160

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$2,060

Mortgage P&I

71%

$1,358

Property Taxes

6%

$115

Home Insurance

5%

$93

PManagement

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

Google Maps with comparables properties is loading...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

1345 Ellis Rd, Durham, NC 27703

$2,400

2

2

1250

1.3 mi

320 Spring St, # 1, Durham, NC 27703

$1,895

2

2.5

1200

0 mi

322 Spring St, Durham, NC 27703

$1,725

2

2.5

1200

0 mi

502 Commonwealth St, Durham, NC 27703

$2,950

2

2.5

1240

0.7 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis