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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 -21.5% first-year return on $121k initial cash invested.

-21.5%

Cash On Cash

0.9%

Cap Rate

0.15

DSCR

$1,386

Rent

-$2,166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,386 income − $3,552 expenses = $2,166 out of pocket

Income$1,386Out of Pocket$2,166Mortgage P&I$2,477179%Property Taxes$23617%Insurance$17513%Management$20815%CapEx$554%Maintenance$554%Other$34625%

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

$1,386

Total Expenses

$3,552

Mortgage P&I

179%

$2,477

Property Taxes

17%

$236

Home Insurance

13%

$175

HOA

0%

$0

Property Management

15%

$208

CapEx

4%

$55

Vacancy

0%

$0

Maintenance

4%

$55

Other

25%

$346

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