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2511 Academy St, Sanford, NC 27332

3 beds • 2 baths • 2360 sqft

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This property looks like a bad Airbnb investment with a projected -15.06% first-year return on $95,112 initial cash invested.

-15.06%

Cash On Cash

2.29%

Cap Rate

0.39

DSCR

$1,975

Rent

-$1,194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,975 income − $3,169 expenses = $1,194 out of pocket

Income$1,975Out of Pocket$1,194Mortgage P&I$1,81592%Property Taxes$27314%Insurance$1337%Management$29615%CapEx$794%Maintenance$794%Other$49425%

Investment Breakdown

|

Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,112

Downpayment

20%

$73,440

Closing costs

1%

$3,672

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,975

Total Expenses

$3,169

Mortgage P&I

92%

$1,815

Property Taxes

14%

$273

Home Insurance

7%

$133

HOA

0%

$0

Property Management

15%

$296

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$494

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