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1036 Altice Dr, Raleigh, NC 27603

3 beds • 3 baths • 2253 sqft

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This property looks like a bad Airbnb investment with a projected -15.62% first-year return on $102k initial cash invested.

-15.62%

Cash On Cash

2.34%

Cap Rate

0.38

DSCR

$1,856

Rent

-$1,325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,856 income − $3,181 expenses = $1,325 out of pocket

Income$1,856Out of Pocket$1,325Mortgage P&I$2,029109%Property Taxes$1227%Insurance$1408%Management$27815%CapEx$744%Maintenance$744%Other$46425%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,856

Total Expenses

$3,181

Mortgage P&I

109%

$2,029

Property Taxes

7%

$122

Home Insurance

8%

$140

HOA

0%

$0

Property Management

15%

$278

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$464

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