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300 Burnt Pine Ct, Apex, NC 27502

3 beds • 3 baths • 1638 sqft

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This property looks like a bad Airbnb investment with a projected -17.06% first-year return on $132k initial cash invested.

-17.06%

Cash On Cash

2.2%

Cap Rate

0.36

DSCR

$2,916

Rent

-$1,883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $4,799 expenses = $1,883 out of pocket

Income$2,916Out of Pocket$1,883Mortgage P&I$2,76595%Property Taxes$38813%Insurance$1967%HOA$502%Management$43715%CapEx$1174%Maintenance$1174%Other$72925%

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,450

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,916

Total Expenses

$4,799

Mortgage P&I

95%

$2,765

Property Taxes

13%

$388

Home Insurance

7%

$196

HOA

2%

$50

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$729

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