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3200 Keighley Forest Dr, Wake Forest, NC 27587

3 beds • 3 baths • 2269 sqft

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This property looks like a bad Airbnb investment with a projected -13.74% first-year return on $142k initial cash invested.

-13.74%

Cash On Cash

3.01%

Cap Rate

0.5

DSCR

$3,576

Rent

-$1,627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,576 income − $5,203 expenses = $1,627 out of pocket

Income$3,576Out of Pocket$1,627Mortgage P&I$2,96883%Property Taxes$3059%Insurance$2146%Management$53615%CapEx$1434%Maintenance$1434%Other$89425%

Investment Breakdown

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Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,910

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,576

Total Expenses

$5,203

Mortgage P&I

83%

$2,968

Property Taxes

9%

$305

Home Insurance

6%

$214

HOA

0%

$0

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$894

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