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219 Carroll St, Wake Forest, NC 27587

3 beds • 2 baths • 1180 sqft

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This property looks like a bad Airbnb investment with a projected -3.82% first-year return on $88,224 initial cash invested.

-3.82%

Cash On Cash

5.49%

Cap Rate

0.91

DSCR

$3,391

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,391 income − $3,672 expenses = $281 out of pocket

Income$3,391Out of Pocket$281Mortgage P&I$1,67449%Property Taxes$2578%Insurance$1123%Management$50915%CapEx$1364%Maintenance$1364%Other$84825%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,224

Downpayment

20%

$66,880

Closing costs

1%

$3,344

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,391

Total Expenses

$3,672

Mortgage P&I

49%

$1,674

Property Taxes

8%

$257

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$509

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$848

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