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Greensboro 3-bedroom Home
Greensboro, NC 27405
Greensboro 3-bedroom Home
Greensboro, NC 27405
5.2%
Year 1 Cap Rate$341,433
10 yr cash flow8.72%
10 yr IRRDetails
- Lot size11,763
- Rentable Sq.Ft2,346
- $/Rentable Sq.Ft$127
- Monthly rent$1,995
- Safety deposit$1,995
- Estimated reserve$3,500
- Lease start2025-05-01
- Lease end2026-04-28
- HOANo
- Flood zoneNo
Located less than a 30-minute drive from the Greensboro-Randolph Megasite, where Toyota has invested approximately $14 billion in its battery manufacturing facilities.
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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:
Greensboro, 27405
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $23,940 | $24,898 | $25,894 | $28,006 | $34,074 |
| Vacancy & Collection Loss | ($1,197) | ($1,245) | ($1,295) | ($1,400) | ($1,704) |
| Operating revenues | $22,743 | $23,653 | $24,599 | $26,606 | $32,370 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,833) | ($1,888) | ($1,945) | ($2,064) | ($2,392) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($399) | ($415) | ($432) | ($467) | ($568) |
| Property management | ($1,137) | ($1,183) | ($1,230) | ($1,330) | ($1,619) |
| Real estate taxes | ($3,040) | ($3,131) | ($3,225) | ($3,422) | ($3,966) |
| Repairs and maintenance | ($958) | ($996) | ($1,036) | ($1,120) | ($1,363) |
| Operating expenses | ($7,367) | ($7,613) | ($7,868) | ($8,403) | ($9,908) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $22,743 | $23,653 | $24,599 | $26,606 | $32,370 |
| Operating expenses | ($7,367) | ($7,613) | ($7,868) | ($8,403) | ($9,908) |
| Net Operating Income | $15,376 | $16,040 | $16,731 | $18,203 | $22,462 |
| Cap Rate | 5.2% | 5.4% | 5.6% | 6.1% | 7.5% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,505) | ($1,550) | ($1,597) | ($1,694) | ($1,964) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,505) | ($1,550) | ($1,597) | ($1,694) | ($1,964) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $13,871 | $14,490 | $15,134 | $16,509 | $20,498 |
| Cash yield | 4.3% | 4.5% | 4.7% | 5.2% | 6.4% |
Acquisition Equity
| Down payment | ($298,000) | |||
|---|---|---|---|---|
| Title insurance | ($4,470) | |||
| Debt costs | ||||
| Acquisition fee | ($8,940) | |||
| Home Buyer Inspection | ($750) | |||
| Leasing Fee | ($2,993) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,608) | |||
| Total | ($320,261) | |||
Disposition Proceeds
| Estimated sale price | $506,907 | |||
|---|---|---|---|---|
| Disposition fee | ($5,069) | |||
| Other disposition costs | ($10,138) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $491,700 | |||
