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3103 Mellwood Dr, Durham, NC 27712

3 beds • 3 baths • 1773 sqft

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This property looks like a bad Airbnb investment with a projected -12.79% first-year return on $107k initial cash invested.

-12.79%

Cash On Cash

2.99%

Cap Rate

0.51

DSCR

$2,783

Rent

-$1,141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,780

Closing costs

1%

$4,239

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,783

Total Expenses

$3,924

Mortgage P&I

75%

$2,085

Property Taxes

12%

$339

Home Insurance

6%

$154

HOA

0%

$11

Property Management

15%

$417

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$696

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