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1912 Fernwood Way, Wilmington, NC 28409

3 beds • 3 baths • 1921 sqft

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This property looks like a bad Airbnb investment with a projected -15.92% first-year return on $144k initial cash invested.

-15.92%

Cash On Cash

2.34%

Cap Rate

0.4

DSCR

$3,221

Rent

-$1,908

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,991

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,221

Total Expenses

$5,129

Mortgage P&I

91%

$2,947

Property Taxes

9%

$298

Home Insurance

7%

$238

HOA

3%

$100

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$805

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