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1616 Drift Falls Ln, Wendell, NC 27591

3 beds • 3 baths • 2494 sqft

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This property looks like a bad Airbnb investment with a projected -15.3% first-year return on $112k initial cash invested.

-15.3%

Cash On Cash

2.47%

Cap Rate

0.41

DSCR

$2,817

Rent

-$1,425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,817 income − $4,242 expenses = $1,425 out of pocket

Income$2,817Out of Pocket$1,425Mortgage P&I$2,23279%Property Taxes$39914%Insurance$1586%HOA$1004%Management$42315%CapEx$1134%Maintenance$1134%Other$70425%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,320

Closing costs

1%

$4,466

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,817

Total Expenses

$4,242

Mortgage P&I

79%

$2,232

Property Taxes

14%

$399

Home Insurance

6%

$158

HOA

4%

$100

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$704

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