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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 -13.37% first-year return on $149k initial cash invested.

-13.37%

Cash On Cash

3.11%

Cap Rate

0.52

DSCR

$3,915

Rent

-$1,660

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,915 income − $5,575 expenses = $1,660 out of pocket

Income$3,915Out of Pocket$1,660Mortgage P&I$3,11980%Property Taxes$3489%Insurance$2286%Management$58715%CapEx$1574%Maintenance$1574%Other$97925%

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

$3,915

Total Expenses

$5,575

Mortgage P&I

80%

$3,119

Property Taxes

9%

$348

Home Insurance

6%

$228

HOA

0%

$0

Property Management

15%

$587

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$979

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