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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 -9.38% first-year return on $96,939 initial cash invested.

-9.38%

Cash On Cash

3.9%

Cap Rate

0.66

DSCR

$3,051

Rent

-$758

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,051 income − $3,809 expenses = $758 out of pocket

Income$3,051Out of Pocket$758Mortgage P&I$1,85861%Property Taxes$35112%Insurance$1354%Management$45815%CapEx$1224%Maintenance$1224%Other$76325%

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

$3,051

Total Expenses

$3,809

Mortgage P&I

61%

$1,858

Property Taxes

12%

$351

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$763

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