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$3,406 (target)

921 Devon Ave, Cary, NC 27511

3 beds • 3 baths • 1899 sqft

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This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $120k initial cash invested.

-7.14%

Cash On Cash

4.74%

Cap Rate

0.77

DSCR

$3,406

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,406 income − $4,120 expenses = $714 out of pocket

Income$3,406Out of Pocket$714Mortgage P&I$2,49573%Property Taxes$2929%Insurance$1755%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,080

Closing costs

1%

$4,854

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,406

Total Expenses

$4,120

Mortgage P&I

73%

$2,495

Property Taxes

9%

$292

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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