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820 Grove Creek Ln, Raleigh, NC 27610

3 beds • 2 baths • 1119 sqft

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This property looks like a bad Long-Term investment with a projected -8.1% first-year return on $59,850 initial cash invested.

-8.1%

Cash On Cash

4.42%

Cap Rate

0.77

DSCR

$1,720

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,720

Total Expenses

$2,124

Mortgage P&I

80%

$1,368

Property Taxes

11%

$190

Home Insurance

6%

$100

HOA

1%

$19

PManagement

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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