Browse Properties
4052 Banbridge Dr
High Point, NC 27260
4052 Banbridge Dr
High Point, NC 27260
6.3%
Year 1 Cap Rate$349,026
10 yr cash flow10.20%
10 yr IRRDetails
- Lot size9,584
- Rentable Sq.Ft2,349
- $/Rentable Sq.Ft$107
- Monthly rent$2,190
- Safety deposit$2,190
- Estimated reserve$3,500
- Lease start2024-11-01
- Lease end2025-10-31
- HOAYes
- Flood zoneNo
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
High Point, 27260
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $26,280 | $27,331 | $28,424 | $30,744 | $37,405 |
| Vacancy & Collection Loss | ($1,314) | ($1,367) | ($1,421) | ($1,537) | ($1,870) |
| Operating revenues | $24,966 | $25,964 | $27,003 | $29,207 | $35,535 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($424) | ($437) | ($450) | ($477) | ($553) |
| Insurance | ($1,740) | ($1,793) | ($1,846) | ($1,959) | ($2,271) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($438) | ($456) | ($474) | ($512) | ($623) |
| Property management | ($1,248) | ($1,298) | ($1,350) | ($1,460) | ($1,777) |
| Real estate taxes | ($4,017) | ($4,138) | ($4,262) | ($4,521) | ($5,241) |
| Repairs and maintenance | ($1,314) | ($1,367) | ($1,421) | ($1,537) | ($1,870) |
| Operating expenses | ($9,181) | ($9,489) | ($9,803) | ($10,466) | ($12,335) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $24,966 | $25,964 | $27,003 | $29,207 | $35,535 |
| Operating expenses | ($9,181) | ($9,489) | ($9,803) | ($10,466) | ($12,335) |
| Net Operating Income | $15,785 | $16,475 | $17,200 | $18,741 | $23,200 |
| Cap Rate | 6.3% | 6.5% | 6.8% | 7.4% | 9.2% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,273) | ($1,311) | ($1,350) | ($1,432) | ($1,660) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,273) | ($1,311) | ($1,350) | ($1,432) | ($1,660) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $14,512 | $15,164 | $15,850 | $17,309 | $21,540 |
| Cash yield | 5.3% | 5.6% | 5.8% | 6.3% | 7.9% |
Acquisition Equity
| Down payment | ($252,000) | |||
|---|---|---|---|---|
| Title insurance | ($3,780) | |||
| Debt costs | ||||
| Acquisition fee | ($7,560) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($3,285) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,811) | |||
| Total | ($272,936) | |||
Disposition Proceeds
| Estimated sale price | $457,416 | |||
|---|---|---|---|---|
| Disposition fee | ($4,574) | |||
| Other disposition costs | ($9,148) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $443,694 | |||
