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225 Belve Dr, Garner, NC 27529

3 beds • 3 baths • 2627 sqft

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This property looks like a bad Airbnb investment with a projected -17.89% first-year return on $121k initial cash invested.

-17.89%

Cash On Cash

1.86%

Cap Rate

0.31

DSCR

$2,091

Rent

-$1,802

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,091 income − $3,893 expenses = $1,802 out of pocket

Income$2,091Out of Pocket$1,802Mortgage P&I$2,477118%Property Taxes$23611%Insurance$1758%Management$31415%CapEx$844%Maintenance$844%Other$52325%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,000

Closing costs

1%

$4,900

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,091

Total Expenses

$3,893

Mortgage P&I

118%

$2,477

Property Taxes

11%

$236

Home Insurance

8%

$175

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$523

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