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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 -11.51% first-year return on $96,750 initial cash invested.

-11.51%

Cash On Cash

3.57%

Cap Rate

0.58

DSCR

$2,851

Rent

-$928

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,851 income − $3,779 expenses = $928 out of pocket

Income$2,851Out of Pocket$928Mortgage P&I$1,93168%Property Taxes$28510%Insurance$1315%HOA$632%Management$42815%CapEx$1144%Maintenance$1144%Other$71325%

Investment Breakdown

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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

$2,851

Total Expenses

$3,779

Mortgage P&I

68%

$1,931

Property Taxes

10%

$285

Home Insurance

5%

$131

HOA

2%

$63

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$713

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