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1021 Forest Glen Dr, Raleigh, NC 27603

3 beds • 2 baths • 1245 sqft

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This property looks like a bad Airbnb investment with a projected -9.88% first-year return on $86,313 initial cash invested.

-9.88%

Cash On Cash

3.53%

Cap Rate

0.61

DSCR

$2,203

Rent

-$711

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,313

Downpayment

20%

$65,060

Closing costs

1%

$3,253

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,203

Total Expenses

$2,914

Mortgage P&I

72%

$1,579

Property Taxes

7%

$162

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$330

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$551

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