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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 -12.23% first-year return on $114k initial cash invested.

-12.23%

Cash On Cash

3.51%

Cap Rate

0.57

DSCR

$3,389

Rent

-$1,164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,389 income − $4,553 expenses = $1,164 out of pocket

Income$3,389Out of Pocket$1,164Mortgage P&I$2,36870%Property Taxes$32210%Insurance$1635%HOA$732%Management$50815%CapEx$1364%Maintenance$1364%Other$84725%

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

$3,389

Total Expenses

$4,553

Mortgage P&I

70%

$2,368

Property Taxes

10%

$322

Home Insurance

5%

$163

HOA

2%

$73

Property Management

15%

$508

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$847

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