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225 Lane Of Sir Kay, Garner, NC 27529

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Airbnb investment with a projected -8.92% first-year return on $77,262 initial cash invested.

-8.92%

Cash On Cash

3.98%

Cap Rate

0.66

DSCR

$2,089

Rent

-$574

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,089 income − $2,663 expenses = $574 out of pocket

Income$2,089Out of Pocket$574Mortgage P&I$1,42568%Property Taxes$1336%Insurance$1025%Management$31315%CapEx$844%Maintenance$844%Other$52225%

Investment Breakdown

|

Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,262

Downpayment

20%

$56,440

Closing costs

1%

$2,822

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,089

Total Expenses

$2,663

Mortgage P&I

68%

$1,425

Property Taxes

6%

$133

Home Insurance

5%

$102

HOA

0%

$0

Property Management

15%

$313

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$522

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