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3607 Courtland Dr, Durham, NC 27707

3 beds • 3 baths • 1757 sqft

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This property looks like a bad Airbnb investment with a projected -9.43% first-year return on $125k initial cash invested.

-9.43%

Cash On Cash

4.19%

Cap Rate

0.69

DSCR

$4,253

Rent

-$979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,253 income − $5,232 expenses = $979 out of pocket

Income$4,253Out of Pocket$979Mortgage P&I$2,58361%Property Taxes$42610%Insurance$1824%Management$63815%CapEx$1704%Maintenance$1704%Other$1,06325%

Investment Breakdown

|

Purchase Price

$508k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$102k

Closing costs

1%

$5,075

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,253

Total Expenses

$5,232

Mortgage P&I

61%

$2,583

Property Taxes

10%

$426

Home Insurance

4%

$182

HOA

0%

$0

Property Management

15%

$638

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,063

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