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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 -15.41% first-year return on $137k initial cash invested.

-15.41%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$2,867

Rent

-$1,756

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,867 income − $4,623 expenses = $1,756 out of pocket

Income$2,867Out of Pocket$1,756Mortgage P&I$2,81598%Property Taxes$2318%Insurance$2007%Management$43015%CapEx$1154%Maintenance$1154%Other$71725%

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

$2,867

Total Expenses

$4,623

Mortgage P&I

98%

$2,815

Property Taxes

8%

$231

Home Insurance

7%

$200

HOA

0%

$0

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$717

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