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428 Claremont Dr, Chapel Hill, NC 27516

3 beds • 3 baths • 1196 sqft

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This property looks like a bad Airbnb investment with a projected -7.46% first-year return on $106k initial cash invested.

-7.46%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$4,357

Rent

-$662

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,357 income − $5,019 expenses = $662 out of pocket

Income$4,357Out of Pocket$662Mortgage P&I$2,13049%Property Taxes$52712%Insurance$1564%HOA$1153%Management$65415%CapEx$1744%Maintenance$1744%Other$1,08925%

Investment Breakdown

|

Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,260

Closing costs

1%

$4,213

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,357

Total Expenses

$5,019

Mortgage P&I

49%

$2,130

Property Taxes

12%

$527

Home Insurance

4%

$156

HOA

3%

$115

Property Management

15%

$654

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,089

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