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Real Estate Deal Analysis & Advice

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Christopher R.
  • Rental Property Investor
  • Cary, NC
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89
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Good Investment or Look for Another?

Christopher R.
  • Rental Property Investor
  • Cary, NC
Posted Aug 15 2014, 20:11

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?

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