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205 Rattan Bay Dr, Raleigh, NC 27610

3 beds • 3 baths • 1686 sqft

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This property looks like a bad Airbnb investment with a projected -10.37% first-year return on $85,074 initial cash invested.

-10.37%

Cash On Cash

3.61%

Cap Rate

0.6

DSCR

$2,455

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,455 income − $3,190 expenses = $735 out of pocket

Income$2,455Out of Pocket$735Mortgage P&I$1,59865%Property Taxes$2329%Insurance$1165%HOA$663%Management$36815%CapEx$984%Maintenance$984%Other$61425%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,074

Downpayment

20%

$63,880

Closing costs

1%

$3,194

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,455

Total Expenses

$3,190

Mortgage P&I

65%

$1,598

Property Taxes

9%

$232

Home Insurance

5%

$116

HOA

3%

$66

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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