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2220 Cushendun Ln, Garner, NC 27529

3 beds • 2 baths • 1937 sqft

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This property looks like a bad Airbnb investment with a projected -11.11% first-year return on $96,750 initial cash invested.

-11.11%

Cash On Cash

3.68%

Cap Rate

0.6

DSCR

$2,911

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,911 income − $3,807 expenses = $896 out of pocket

Income$2,911Out of Pocket$896Mortgage P&I$1,93166%Property Taxes$28510%Insurance$1315%HOA$632%Management$43715%CapEx$1164%Maintenance$1164%Other$72825%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,911

Total Expenses

$3,807

Mortgage P&I

66%

$1,931

Property Taxes

10%

$285

Home Insurance

5%

$131

HOA

2%

$63

Property Management

15%

$437

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$728

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