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116 Nicklaus Dr, Garner, NC 27529

3 beds • 2 baths • 1916 sqft

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This property looks like a bad Airbnb investment with a projected -15.59% first-year return on $76,443 initial cash invested.

-15.59%

Cash On Cash

1.86%

Cap Rate

0.31

DSCR

$1,196

Rent

-$993

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,196 income − $2,189 expenses = $993 out of pocket

Income$1,196Out of Pocket$993Mortgage P&I$1,377115%Property Taxes$13711%Insurance$1018%Management$17915%CapEx$484%Maintenance$484%Other$29925%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,443

Downpayment

20%

$55,660

Closing costs

1%

$2,783

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,196

Total Expenses

$2,189

Mortgage P&I

115%

$1,377

Property Taxes

11%

$137

Home Insurance

8%

$101

HOA

0%

$0

Property Management

15%

$179

CapEx

4%

$48

Vacancy

0%

$0

Maintenance

4%

$48

Other

25%

$299

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