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$3,364 (target)

4216 New Brighton Dr, Apex, NC 27539

3 beds • 3 baths • 1653 sqft

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This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $106k initial cash invested.

-3.01%

Cash On Cash

5.61%

Cap Rate

0.94

DSCR

$3,364

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,364 income − $3,630 expenses = $266 out of pocket

Income$3,364Out of Pocket$266Mortgage P&I$2,09562%Property Taxes$2367%Insurance$1545%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,960

Closing costs

1%

$4,198

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,364

Total Expenses

$3,630

Mortgage P&I

62%

$2,095

Property Taxes

7%

$236

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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