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$3,134 (target)

409 Oakridge Rd, Cary, NC 27511

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Mid-Term investment with a projected -14.61% first-year return on $161k initial cash invested.

-14.61%

Cash On Cash

2.77%

Cap Rate

0.46

DSCR

$3,134

Rent

-$1,957

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,134 income − $5,091 expenses = $1,957 out of pocket

Income$3,134Out of Pocket$1,957Mortgage P&I$3,400108%Property Taxes$38112%Insurance$2458%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34511%

Investment Breakdown

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Purchase Price

$680k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,799

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,134

Total Expenses

$5,091

Mortgage P&I

108%

$3,400

Property Taxes

12%

$381

Home Insurance

8%

$245

HOA

0%

$0

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$345

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