REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

3103 Mellwood Dr, Durham, NC 27712

3 beds • 3 baths • 1773 sqft

Email

This property looks like a bad Long-Term investment with a projected -14.36% first-year return on $89,019 initial cash invested.

-14.36%

Cash On Cash

3.18%

Cap Rate

0.54

DSCR

$2,060

Rent

-$1,065

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,019

Downpayment

20%

$84,780

Closing costs

1%

$4,239

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,060

Total Expenses

$3,125

Mortgage P&I

101%

$2,085

Property Taxes

16%

$339

Home Insurance

7%

$154

HOA

1%

$11

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

953 Clarion Dr, Durham, NC 27705

$1,950

3

3

1690

1.6 mi

1410 Nicklaus Dr, # 9, Durham, NC 27705

$1,745

3

2.5

1800

1.3 mi

2803 Stadium Dr, Durham, NC 27704

$2,110

3

2.5

1721

1.8 mi

901 Chalice St, Durham, NC 27705

$2,300

3

2.5

1850

1.7 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