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Commercial & investment · Demonstration listing
Neighborhood Retail Strip — 4 Tenants
Cary, NC
Anchored neighborhood strip with four tenants on NNN leases and ample parking.
- Type
- Retail Property
- Units (doors)
- 4
- Sq ft
- 9,800
- Year built
- 2008
Seller terms
Owner Financing Details
Seller-financed amount$1,720,000
Down payment$430,000 (20.0%)
Months until balloon84
Balance due at balloon$1,483,671
Interest paid before balloon$761,900
Monthly principal & interest$11,883.68
Balloon disclosure: payments are calculated over 25 years, but the remaining balance shown above becomes due in full after 7 years. Buyers typically refinance or sell before that date.
Commercial & income
Investment Property Financial Analysis
Seller-reported income
$18,900/mo
Seller-reported expenses
$48,000/yr
Seller CAP rate (0% vacancy)
8.32%
Financial figures
CAP rate
7.79%
Monthly cash flow
$2,071
Cash-on-cash
5.78%
Potential gross income / yr$226,800
Vacancy allowance−$11,340
Effective gross income$215,460
Operating expenses−$48,000
Net operating income (NOI)$167,460
Annual debt service−$142,604
DSCR1.17
Price per unit (door)$537,500
Price per building sq ft$219
Annual cash flow before taxes$24,856
CAP rate = NOI ÷ asking price and is calculated before financing. Figures are estimates based on seller-provided and buyer-entered data.