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$2,985 (target)

5616 Cates Dr, Greensboro, NC 27409

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $93,873 initial cash invested.

-2.8%

Cash On Cash

6.05%

Cap Rate

0.95

DSCR

$2,985

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,985 income − $3,204 expenses = $219 out of pocket

Income$2,985Out of Pocket$219Mortgage P&I$1,92364%Property Taxes$1344%Insurance$1334%Management$35812%CapEx$1194%Vacancy$903%Maintenance$1194%Other$32811%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,873

Downpayment

20%

$72,260

Closing costs

1%

$3,613

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,985

Total Expenses

$3,204

Mortgage P&I

64%

$1,923

Property Taxes

4%

$134

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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