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605 Essington Pl, Raleigh, NC 27603

4 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $64,050 initial cash invested.

-6.76%

Cash On Cash

5%

Cap Rate

0.83

DSCR

$1,970

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$2,331

Mortgage P&I

78%

$1,533

Property Taxes

9%

$180

Home Insurance

5%

$107

PManagement

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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2

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4

2

1680

0.6 mi

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$2,950

4

3

2080

0.4 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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