Property Analysis for 5520 Neuse View Dr, Raleigh, NC 27610

Long-Term Rental Analysis

5520 Neuse View Dr, Raleigh, NC 27610

$297,000 • 3 beds • 2 baths • 1090 sqft

This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $62,370 initial cash invested.

Cash On Cash

-10.91%

Cap Rate

4.15%

Rent

$1,790

Cashflow

-$567

Rent Confidence: High

Annual

$21,480

Median

$1,850

Avg

$1,833

Samples

Financing

Purchase Price $297k

Downpayment 20.0%

Interest Rate 6.5%

Mortgage Duration 30yr.

Cash To Invest

Total $62,370

Downpayment 20% $59,400

Closing costs 1% $2,970

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $1,790

Total Expenses $2,357

Mortgage P&I 84% $1,505

Property Taxes 15% $270

Home Insurance 6% $104

HOA 1% $12

PManagement 10% $179

CapEx 5% $90

Vacancy 6% $107

Maintenance 5% $90

Other 0% $0

Google Maps with the subject property comparables is loading...

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	810 Danley Ln, Knightdale, NC 27545	$1835	3	2	1100	1.2 mi
2	5408 Tanglewood Pine Ln, Raleigh, NC 27610	$1695	3	2	1162	1 mi
3	1123 Delham Rd, Knightdale, NC 27545	$1750	3	2	1158	1.1 mi
4	5700 Old Ridge Rd, Raleigh, NC 27610	$2295	3	2	1258	1.1 mi
5	232 Cross Current Ln, Raleigh, NC 27610	$1850	3	2		0.1 mi
6	1216 Swingline Way, Raleigh, NC 27610	$1600	3	2.5	1204	1.3 mi
7	1005 Kavkaz St, Raleigh, NC 27610	$1350	3	2	1392	1 mi
8	803 Delray Ln, Knightdale, NC 27545	$1350	3	2		1.3 mi
9	1028 Penncross Dr, Raleigh, NC 27610	$1745	3	2.5	1332	0.9 mi
10	444 Mountain Lake Dr, Raleigh, NC 27610	$2000	3	2.5	1350	0.8 mi
11	1012 Willow Ridge Dr, Knightdale, NC 27545	$1800	3	2	1506	1.3 mi
12	1012 Willow Dr, Knightdale, NC 27545	$1900	3	2	1506	1.3 mi
13	909 Penncross Dr, Raleigh, NC 27610	$1699	3	2	1581	0.8 mi
14	5700 Meadowlark Ln, Raleigh, NC 27610	$2050	3	2	1520	1.2 mi
15	331 Gilman Ln, Unit 106, Raleigh, NC 27610	$1599	3	2.5		0.3 mi
16	700 Hanska Way, Raleigh, NC 27610	$1825	3	2.5	1450	0.9 mi
17	5228 Turf Grass Ct, Raleigh, NC 27610	$1895	3	2.5	1501	0.6 mi
18	5234 Portside Ln, Raleigh, NC 27610	$1900	3	2	1760	0.7 mi
19	113 Rosalynn Ct, Raleigh, NC 27610	$2010	3	2.5	1600	0.3 mi
20	537 Mountain Lake Dr, Raleigh, NC 27610	$1995	3	2.5	1513	0.9 mi
21	5209 Bentgrass Dr, Raleigh, NC 27610	$1995	3	2.5	1619	0.5 mi
22	741 Hanska Way, Raleigh, NC 27610	$1950	3	2.5	1552	1 mi
23	5300 Oporto Ct, Raleigh, NC 27610	$1930	3	2.5	1550	1.1 mi
24	5716 Brookshadow Dr, Raleigh, NC 27610	$1850	3	2.5	1680	0.5 mi
25	1003 Planters Trail Ct, Knightdale, NC 27545	$1955	3	2.5	1579	1.2 mi

Projections