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405 S Mineral Springs Rd, Durham, NC 27703

3 beds • 2 baths • 1328 sqft

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This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $61,950 initial cash invested.

-7.94%

Cash On Cash

4.94%

Cap Rate

0.79

DSCR

$1,810

Rent

-$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,810

Total Expenses

$2,220

Mortgage P&I

85%

$1,534

Property Taxes

6%

$113

Home Insurance

6%

$103

PManagement

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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