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521 Wayne Drive, Wilmington, NC 28403

3 beds • 3 baths • 2406 sqft

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This property looks like a bad Airbnb investment with a projected -15.77% first-year return on $153k initial cash invested.

-15.77%

Cash On Cash

2.31%

Cap Rate

0.4

DSCR

$3,429

Rent

-$2,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$645k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$129k

Closing costs

1%

$6,449

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,429

Total Expenses

$5,445

Mortgage P&I

91%

$3,123

Property Taxes

10%

$327

Home Insurance

10%

$350

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$857

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