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3623 Sleepy Hollow Rd, Wake Forest, NC 27587

3 beds • 3 baths • 1728 sqft

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This property looks like a bad Airbnb investment with a projected -13% first-year return on $113k initial cash invested.

-13%

Cash On Cash

2.75%

Cap Rate

0.48

DSCR

$2,459

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,459 income − $3,678 expenses = $1,219 out of pocket

Income$2,459Out of Pocket$1,219Mortgage P&I$2,15288%Property Taxes$1888%Insurance$1586%Management$36915%CapEx$984%Maintenance$984%Other$61525%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,459

Total Expenses

$3,678

Mortgage P&I

88%

$2,152

Property Taxes

8%

$188

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$369

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$615

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