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508 Solar Dr, Raleigh, NC 27610

3 beds • 1 baths • 1000 sqft

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This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $60,690 initial cash invested.

-13.19%

Cash On Cash

4.04%

Cap Rate

$1,600

Rent

-$667

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,600

Total Expenses

$2,267

Mortgage P&I

97%

$1,559

Property Taxes

12%

$191

Home Insurance

6%

$101

PManagement

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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2

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$1,100

2

1

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$2,850

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0.6 mi

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