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145 Hobby Rd, Holly Springs, NC 27540

3 beds • 3 baths • 2391 sqft

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This property looks like a bad Airbnb investment with a projected -15.51% first-year return on $137k initial cash invested.

-15.51%

Cash On Cash

2.46%

Cap Rate

0.41

DSCR

$2,843

Rent

-$1,768

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,843 income − $4,611 expenses = $1,768 out of pocket

Income$2,843Out of Pocket$1,768Mortgage P&I$2,81599%Property Taxes$2318%Insurance$2007%Management$42615%CapEx$1144%Maintenance$1144%Other$71125%

Investment Breakdown

|

Purchase Price

$566k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,655

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,843

Total Expenses

$4,611

Mortgage P&I

99%

$2,815

Property Taxes

8%

$231

Home Insurance

7%

$200

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$711

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