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1145 Forest Glen Dr, Raleigh, NC 27603

3 beds • 3 baths • 1937 sqft

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This property looks like a bad Airbnb investment with a projected -15.12% first-year return on $118k initial cash invested.

-15.12%

Cash On Cash

2.67%

Cap Rate

0.43

DSCR

$2,589

Rent

-$1,484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $4,073 expenses = $1,484 out of pocket

Income$2,589Out of Pocket$1,484Mortgage P&I$2,43694%Property Taxes$2289%Insurance$1666%Management$38815%CapEx$1044%Maintenance$1044%Other$64725%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,589

Total Expenses

$4,073

Mortgage P&I

94%

$2,436

Property Taxes

9%

$228

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$647

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