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239 Carroll St, Wake Forest, NC 27587

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -6.68% first-year return on $96,939 initial cash invested.

-6.68%

Cash On Cash

4.65%

Cap Rate

0.78

DSCR

$3,471

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,471 income − $4,011 expenses = $540 out of pocket

Income$3,471Out of Pocket$540Mortgage P&I$1,85854%Property Taxes$35110%Insurance$1354%Management$52115%CapEx$1394%Maintenance$1394%Other$86825%

Investment Breakdown

|

Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,939

Downpayment

20%

$75,180

Closing costs

1%

$3,759

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,471

Total Expenses

$4,011

Mortgage P&I

54%

$1,858

Property Taxes

10%

$351

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$521

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$868

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