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107 Gibbons Dr, Garner, NC 27529

3 beds • 3 baths • 1694 sqft

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This property looks like a bad Airbnb investment with a projected -15.38% first-year return on $103k initial cash invested.

-15.38%

Cash On Cash

2.17%

Cap Rate

0.37

DSCR

$1,954

Rent

-$1,314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,954 income − $3,268 expenses = $1,314 out of pocket

Income$1,954Out of Pocket$1,314Mortgage P&I$1,963100%Property Taxes$22411%Insurance$1447%Management$29315%CapEx$784%Maintenance$784%Other$48825%

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,520

Closing costs

1%

$4,026

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,954

Total Expenses

$3,268

Mortgage P&I

100%

$1,963

Property Taxes

11%

$224

Home Insurance

7%

$144

HOA

0%

$0

Property Management

15%

$293

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$488

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