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1560 Crimson Leaf Ln, Wake Forest, NC 27587

3 beds • 3 baths • 2328 sqft

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This property looks like a bad Airbnb investment with a projected -11.96% first-year return on $114k initial cash invested.

-11.96%

Cash On Cash

3.58%

Cap Rate

0.58

DSCR

$3,439

Rent

-$1,139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,439 income − $4,578 expenses = $1,139 out of pocket

Income$3,439Out of Pocket$1,139Mortgage P&I$2,36869%Property Taxes$3229%Insurance$1635%HOA$732%Management$51615%CapEx$1384%Maintenance$1384%Other$86025%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,660

Closing costs

1%

$4,583

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,439

Total Expenses

$4,578

Mortgage P&I

69%

$2,368

Property Taxes

9%

$322

Home Insurance

5%

$163

HOA

2%

$73

Property Management

15%

$516

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$860

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