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3239 Coventry Ct, Sanford, NC 27332

3 beds • 3 baths • 2224 sqft

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This property looks like a bad Airbnb investment with a projected -11.64% first-year return on $97,527 initial cash invested.

-11.64%

Cash On Cash

3.23%

Cap Rate

0.55

DSCR

$2,589

Rent

-$946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $3,535 expenses = $946 out of pocket

Income$2,589Out of Pocket$946Mortgage P&I$1,86272%Property Taxes$2369%Insurance$1365%HOA$582%Management$38815%CapEx$1044%Maintenance$1044%Other$64725%

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,527

Downpayment

20%

$75,740

Closing costs

1%

$3,787

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,589

Total Expenses

$3,535

Mortgage P&I

72%

$1,862

Property Taxes

9%

$236

Home Insurance

5%

$136

HOA

2%

$58

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$647

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