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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 -14.26% first-year return on $103k initial cash invested.

-14.26%

Cash On Cash

2.47%

Cap Rate

0.42

DSCR

$2,140

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,140 income − $3,359 expenses = $1,219 out of pocket

Income$2,140Out of Pocket$1,219Mortgage P&I$1,96392%Property Taxes$22410%Insurance$1447%Management$32115%CapEx$864%Maintenance$864%Other$53525%

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

$2,140

Total Expenses

$3,359

Mortgage P&I

92%

$1,963

Property Taxes

10%

$224

Home Insurance

7%

$144

HOA

0%

$0

Property Management

15%

$321

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$535

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