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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 -13.11% first-year return on $110k initial cash invested.

-13.11%

Cash On Cash

3.08%

Cap Rate

0.51

DSCR

$2,836

Rent

-$1,197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $4,033 expenses = $1,197 out of pocket

Income$2,836Out of Pocket$1,197Mortgage P&I$2,20578%Property Taxes$31111%Insurance$1576%Management$42515%CapEx$1134%Maintenance$1134%Other$70925%

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

$2,836

Total Expenses

$4,033

Mortgage P&I

78%

$2,205

Property Taxes

11%

$311

Home Insurance

6%

$157

HOA

0%

$0

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$709

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