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3525 Serendipity Dr, Raleigh, NC 27616

4 beds • 3 baths • 2624 sqft

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This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $93,030 initial cash invested.

-12.34%

Cash On Cash

3.62%

Cap Rate

0.61

DSCR

$2,320

Rent

-$957

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,030

Downpayment

20%

$88,600

Closing costs

1%

$4,430

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,320

Total Expenses

$3,277

Mortgage P&I

94%

$2,179

Property Taxes

13%

$304

Home Insurance

7%

$158

HOA

1%

$33

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

3601 Pritchard Ct, Raleigh, NC 27616

$2,450

4

2.5

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4

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0.2 mi

3628 Pinkham Way, Raleigh, NC 27616

$1,965

4

2.5

2684

0.4 mi

3608 Serendipity Dr, Raleigh, NC 27616

$2,475

4

2.5

2500

0.1 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

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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

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