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3101 Greenville Loop Rd, Wake Forest, NC 27587

3 beds • 4 baths • 2483 sqft

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This property looks like a bad Airbnb investment with a projected -12.42% first-year return on $127k initial cash invested.

-12.42%

Cash On Cash

3.41%

Cap Rate

0.56

DSCR

$3,342

Rent

-$1,309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,342 income − $4,651 expenses = $1,309 out of pocket

Income$3,342Out of Pocket$1,309Mortgage P&I$2,64479%Property Taxes$2187%Insurance$1846%Management$50115%CapEx$1344%Maintenance$1344%Other$83625%

Investment Breakdown

|

Purchase Price

$517k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$103k

Closing costs

1%

$5,167

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,342

Total Expenses

$4,651

Mortgage P&I

79%

$2,644

Property Taxes

7%

$218

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$836

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