REI Lense

REI Lense

Unlock all features! Tap here to upgrade

3101 Greenville Loop Rd, Wake Forest, NC 27587

3 beds • 4 baths • 2483 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.2% first-year return on $127k initial cash invested.

-9.2%

Cash On Cash

4.26%

Cap Rate

0.69

DSCR

$3,993

Rent

-$970

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,993 income − $4,963 expenses = $970 out of pocket

Income$3,993Out of Pocket$970Mortgage P&I$2,64466%Property Taxes$2185%Insurance$1845%Management$59915%CapEx$1604%Maintenance$1604%Other$99825%

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

$3,993

Total Expenses

$4,963

Mortgage P&I

66%

$2,644

Property Taxes

5%

$218

Home Insurance

5%

$184

HOA

0%

$0

Property Management

15%

$599

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$998

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis