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Updated over 10 years ago,
Good Investment or Look for Another?
Hi! I'm new to this so I'd appreciate help in analyzing this deal. Here we go:
Home: 301 Cline Falls Dr, Holly Springs, NC
Info: Built 2005, 1470 Sq Ft
Purchase Price: $169,900
Downpayment (20%): $33,980
Estimated Monthly Rent: $1,300
Gross Annual Rental Income: $15,600
Mortgage: $8,264.24
Taxes: $1,701
Insurance: $500
Vacancy (10%): $1,560
Repairs and Maintenance (5%): $780
HOA: $996
Monthly Cash Flow: $149.06
Yearly Cash Flow: $1,788.76
Cap Rate: 5.92
Cash on Cash Return: 32.54
Are my estimates reasonable for vacancy, repairs and maintenance?
What do you think of the cash flow, cap rate, and cash on cash?