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215 Old Pros Way, Cary, NC 27513

3 beds • 3 baths • 3220 sqft

$1,295,000

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This property looks like a bad Airbnb investment with a projected -25.14% first-year return on $290k initial cash invested.

-25.14%

Cash On Cash

0.38%

Cap Rate

0.07

DSCR

$3,008

Rent

-$6,075

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,008 income − $9,083 expenses = $6,075 out of pocket

Income$3,008Out of Pocket$6,075Mortgage P&I$6,369212%Property Taxes$78026%Insurance$45315%HOA$381%Management$45115%CapEx$1204%Maintenance$1204%Other$75225%

Investment Breakdown

|

Purchase Price

$1295k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$290k

Downpayment

20%

$259k

Closing costs

1%

$12,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,008

Total Expenses

$9,083

Mortgage P&I

212%

$6,369

Property Taxes

26%

$780

Home Insurance

15%

$453

HOA

1%

$38

Property Management

15%

$451

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$752

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