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2909 Scuppernong Ln, Durham, NC 27703

3 beds • 2 baths • 1835 sqft

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This property looks like a bad Airbnb investment with a projected -15.6% first-year return on $100k initial cash invested.

-15.6%

Cash On Cash

2.27%

Cap Rate

0.38

DSCR

$2,303

Rent

-$1,304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,303 income − $3,607 expenses = $1,304 out of pocket

Income$2,303Out of Pocket$1,304Mortgage P&I$1,95485%Property Taxes$37116%Insurance$1406%HOA$372%Management$34515%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,380

Closing costs

1%

$3,919

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,303

Total Expenses

$3,607

Mortgage P&I

85%

$1,954

Property Taxes

16%

$371

Home Insurance

6%

$140

HOA

2%

$37

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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