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15032 Westerfield Rd, Wake Forest, NC 27587

3 beds • 4 baths • 3444 sqft

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This property looks like a bad Airbnb investment with a projected -18.56% first-year return on $213k initial cash invested.

-18.56%

Cash On Cash

1.74%

Cap Rate

0.3

DSCR

$3,720

Rent

-$3,296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,720 income − $7,016 expenses = $3,296 out of pocket

Income$3,720Out of Pocket$3,296Mortgage P&I$4,497121%Property Taxes$35710%Insurance$3329%HOA$441%Management$55815%CapEx$1494%Maintenance$1494%Other$93025%

Investment Breakdown

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Purchase Price

$929k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$213k

Downpayment

20%

$186k

Closing costs

1%

$9,290

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,720

Total Expenses

$7,016

Mortgage P&I

121%

$4,497

Property Taxes

10%

$357

Home Insurance

9%

$332

HOA

1%

$44

Property Management

15%

$558

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$930

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