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3413 Kerrigan Ct, Durham, NC 27703

3 beds • 3 baths • 2055 sqft

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This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $94,713 initial cash invested.

-12.73%

Cash On Cash

3.68%

Cap Rate

0.56

DSCR

$2,695

Rent

-$1,005

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,695 income − $3,700 expenses = $1,005 out of pocket

Income$2,695Out of Pocket$1,005Mortgage P&I$2,01675%Property Taxes$26010%Insurance$1305%Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,713

Downpayment

20%

$73,060

Closing costs

1%

$3,653

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,695

Total Expenses

$3,700

Mortgage P&I

75%

$2,016

Property Taxes

10%

$260

Home Insurance

5%

$130

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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