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497 Barrette Ln, Wendell, NC 27591

3 beds • 3 baths • 2267 sqft

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This property looks like a bad Airbnb investment with a projected -11.67% first-year return on $110k initial cash invested.

-11.67%

Cash On Cash

3.47%

Cap Rate

0.57

DSCR

$3,092

Rent

-$1,066

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,092 income − $4,158 expenses = $1,066 out of pocket

Income$3,092Out of Pocket$1,066Mortgage P&I$2,20571%Property Taxes$31110%Insurance$1575%Management$46415%CapEx$1244%Maintenance$1244%Other$77325%

Investment Breakdown

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Purchase Price

$436k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,240

Closing costs

1%

$4,362

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,092

Total Expenses

$4,158

Mortgage P&I

71%

$2,205

Property Taxes

10%

$311

Home Insurance

5%

$157

HOA

0%

$0

Property Management

15%

$464

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$773

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