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$3,056 (target)

600 Forge Rd, Durham, NC 27713

3 beds • 2 baths • 1384 sqft

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This property looks like a bad Mid-Term investment with a projected -5.6% first-year return on $97,338 initial cash invested.

-5.6%

Cash On Cash

5.33%

Cap Rate

0.83

DSCR

$3,056

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,056 income − $3,510 expenses = $454 out of pocket

Income$3,056Out of Pocket$454Mortgage P&I$2,01166%Property Taxes$32010%Insurance$1224%HOA$181%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,338

Downpayment

20%

$75,560

Closing costs

1%

$3,778

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,056

Total Expenses

$3,510

Mortgage P&I

66%

$2,011

Property Taxes

10%

$320

Home Insurance

4%

$122

HOA

1%

$18

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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