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3304 Highgate Rd, Raleigh, NC 27603

3 beds • 2 baths • 1521 sqft

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This property looks like a bad Airbnb investment with a projected -6.43% first-year return on $91,563 initial cash invested.

-6.43%

Cash On Cash

4.88%

Cap Rate

0.8

DSCR

$3,097

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,097 income − $3,588 expenses = $491 out of pocket

Income$3,097Out of Pocket$491Mortgage P&I$1,79358%Property Taxes$1826%Insurance$1264%Management$46515%CapEx$1244%Maintenance$1244%Other$77425%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,563

Downpayment

20%

$70,060

Closing costs

1%

$3,503

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,097

Total Expenses

$3,588

Mortgage P&I

58%

$1,793

Property Taxes

6%

$182

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$774

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