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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 -4.36% first-year return on $82,638 initial cash invested.

-4.36%

Cash On Cash

5.5%

Cap Rate

0.89

DSCR

$3,058

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,058 income − $3,358 expenses = $300 out of pocket

Income$3,058Out of Pocket$300Mortgage P&I$1,58852%Property Taxes$1685%Insurance$1104%HOA$251%Management$45915%CapEx$1224%Maintenance$1224%Other$76425%

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

$3,058

Total Expenses

$3,358

Mortgage P&I

52%

$1,588

Property Taxes

5%

$168

Home Insurance

4%

$110

HOA

1%

$25

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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