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323 Walnut St, Cary, NC 27511

3 beds • 3 baths • 1739 sqft

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This property looks like a bad Airbnb investment with a projected -13.06% first-year return on $149k initial cash invested.

-13.06%

Cash On Cash

3.19%

Cap Rate

0.53

DSCR

$3,991

Rent

-$1,621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,991 income − $5,612 expenses = $1,621 out of pocket

Income$3,991Out of Pocket$1,621Mortgage P&I$3,11978%Property Taxes$3489%Insurance$2286%Management$59915%CapEx$1604%Maintenance$1604%Other$99825%

Investment Breakdown

|

Purchase Price

$624k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,237

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,991

Total Expenses

$5,612

Mortgage P&I

78%

$3,119

Property Taxes

9%

$348

Home Insurance

6%

$228

HOA

0%

$0

Property Management

15%

$599

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$998

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