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5824 Norwood Oaks Dr, Raleigh, NC 27614

3 beds • 3 baths • 2573 sqft

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This property looks like a bad Airbnb investment with a projected -14.27% first-year return on $144k initial cash invested.

-14.27%

Cash On Cash

2.79%

Cap Rate

0.47

DSCR

$3,265

Rent

-$1,712

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,265 income − $4,977 expenses = $1,712 out of pocket

Income$3,265Out of Pocket$1,712Mortgage P&I$2,97691%Property Taxes$2237%Insurance$2106%Management$49015%CapEx$1314%Maintenance$1314%Other$81625%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,265

Total Expenses

$4,977

Mortgage P&I

91%

$2,976

Property Taxes

7%

$223

Home Insurance

6%

$210

HOA

0%

$0

Property Management

15%

$490

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$816

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