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224 Farrington Dr, Clayton, NC 27520

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Airbnb investment with a projected -6.84% first-year return on $82,638 initial cash invested.

-6.84%

Cash On Cash

4.78%

Cap Rate

0.77

DSCR

$2,730

Rent

-$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,730 income − $3,201 expenses = $471 out of pocket

Income$2,730Out of Pocket$471Mortgage P&I$1,58858%Property Taxes$1686%Insurance$1104%HOA$251%Management$41015%CapEx$1094%Maintenance$1094%Other$68225%

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,638

Downpayment

20%

$61,560

Closing costs

1%

$3,078

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,730

Total Expenses

$3,201

Mortgage P&I

58%

$1,588

Property Taxes

6%

$168

Home Insurance

4%

$110

HOA

1%

$25

Property Management

15%

$410

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$682

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