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331 Forest Oaks Dr, Clayton, NC 27527

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -15.09% first-year return on $115k initial cash invested.

-15.09%

Cash On Cash

2.63%

Cap Rate

0.43

DSCR

$2,695

Rent

-$1,445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,695 income − $4,140 expenses = $1,445 out of pocket

Income$2,695Out of Pocket$1,445Mortgage P&I$2,34787%Property Taxes$31312%Insurance$1756%HOA$11Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

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Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,260

Closing costs

1%

$4,613

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,695

Total Expenses

$4,140

Mortgage P&I

87%

$2,347

Property Taxes

12%

$313

Home Insurance

6%

$175

HOA

0%

$11

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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