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3625 Flare St, Knightdale, NC 27545

3 beds • 3 baths • 1922 sqft

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This property looks like a bad Airbnb investment with a projected -14.38% first-year return on $105k initial cash invested.

-14.38%

Cash On Cash

2.81%

Cap Rate

0.46

DSCR

$2,619

Rent

-$1,255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,619 income − $3,874 expenses = $1,255 out of pocket

Income$2,619Out of Pocket$1,255Mortgage P&I$2,11881%Property Taxes$2349%Insurance$1445%HOA$1205%Management$39315%CapEx$1054%Maintenance$1054%Other$65525%

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,574

Closing costs

1%

$4,129

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,619

Total Expenses

$3,874

Mortgage P&I

81%

$2,118

Property Taxes

9%

$234

Home Insurance

6%

$144

HOA

5%

$120

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$655

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