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4316 Erwin Rd, Durham, NC 27705

3 beds • 3 baths • 3672 sqft

$1,100,000

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This property looks like a bad Airbnb investment with a projected -22.26% first-year return on $249k initial cash invested.

-22.26%

Cash On Cash

1.01%

Cap Rate

0.17

DSCR

$3,222

Rent

-$4,618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1100k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$249k

Downpayment

20%

$220k

Closing costs

1%

$11,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,222

Total Expenses

$7,840

Mortgage P&I

168%

$5,418

Property Taxes

15%

$490

Home Insurance

12%

$385

HOA

0%

$0

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$806

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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3

2

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3

2

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Duke Forest Zen Treehouse - pool table, decks

$4,344

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3

2.5

0.71 mi

Renovated 3bd/3bath 5 min from Duke!

$3,620

$175

3

3

1.76 mi

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4

2

1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

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$2,850

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5

4

0.6 mi

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$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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