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5505 Armada Dr, Raleigh, NC 27610

2 beds • 2 baths • 1032 sqft

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This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $58,800 initial cash invested.

-11.16%

Cash On Cash

4.49%

Cap Rate

$1,670

Rent

-$547

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,670

Total Expenses

$2,217

Mortgage P&I

90%

$1,510

Property Taxes

10%

$161

Home Insurance

6%

$98

HOA

1%

$13

PManagement

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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