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608 Oleander Rd, Raleigh, NC 27603

4 beds • 2 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -5.26% first-year return on $62,790 initial cash invested.

-5.26%

Cash On Cash

5.66%

Cap Rate

$2,180

Rent

-$275

Cashflow

-8.72

Cach on Cash

4.92%

Cap Rate

$3.477

Rent

-%822

Cashflow

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,180

Total Expenses

$2,455

Mortgage P&I

72%

$1,577

Property Taxes

9%

$206

Home Insurance

5%

$105

PManagement

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

509 Tipped Ct, Raleigh, NC 27603

$1,975

4

2

1680

0 mi

2801 Henslowe Dr, Raleigh, NC 27603

$2,400

4

2.5

1704

0.8 mi

2201 Shenandoah Rd, Raleigh, NC 27603

$3,000

4

2

1885

0.9 mi

2516 Farlow Gap Ln, Raleigh, NC 27603

$2,700

4

2.5

1660

1.4 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

Projection Charts

Property Appreciation, yr

3%

Rent Growth, yr

3%

Expense Increase, yr

3%

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