REI Lense

REI Lense

Unlock all features! Tap here to upgrade

219 Carroll St, Wake Forest, NC 27587

3 beds • 2 baths • 1180 sqft

Email

This property looks like a bad Airbnb investment with a projected -4.73% first-year return on $88,224 initial cash invested.

-4.73%

Cash On Cash

5.22%

Cap Rate

0.87

DSCR

$3,258

Rent

-$348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,258 income − $3,606 expenses = $348 out of pocket

Income$3,258Out of Pocket$348Mortgage P&I$1,67451%Property Taxes$2578%Insurance$1123%Management$48915%CapEx$1304%Maintenance$1304%Other$81425%

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

$3,258

Total Expenses

$3,606

Mortgage P&I

51%

$1,674

Property Taxes

8%

$257

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$489

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis