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318 Providence Hall Dr, Sanford, NC 27330

3 beds • 3 baths • 2428 sqft

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This property looks like a bad Airbnb investment with a projected -5.7% first-year return on $77,703 initial cash invested.

-5.7%

Cash On Cash

5.04%

Cap Rate

0.83

DSCR

$2,895

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $3,264 expenses = $369 out of pocket

Income$2,895Out of Pocket$369Mortgage P&I$1,44750%Property Taxes$30110%Insurance$1013%HOA$251%Management$43415%CapEx$1164%Maintenance$1164%Other$72425%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,703

Downpayment

20%

$56,860

Closing costs

1%

$2,843

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,895

Total Expenses

$3,264

Mortgage P&I

50%

$1,447

Property Taxes

10%

$301

Home Insurance

3%

$101

HOA

1%

$25

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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