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$2,271 (target)

921 Devon Ave, Cary, NC 27511

3 beds • 3 baths • 1899 sqft

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This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $102k initial cash invested.

-15.09%

Cash On Cash

3.28%

Cap Rate

0.53

DSCR

$2,271

Rent

-$1,282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,271 income − $3,553 expenses = $1,282 out of pocket

Income$2,271Out of Pocket$1,282Mortgage P&I$2,495110%Property Taxes$29213%Insurance$1758%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,080

Closing costs

1%

$4,854

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,271

Total Expenses

$3,553

Mortgage P&I

110%

$2,495

Property Taxes

13%

$292

Home Insurance

8%

$175

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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