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5911 Wateree Dr, Durham, NC 27713

3 beds • 3 baths • 174259 sqft

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This property looks like a bad Airbnb investment with a projected -15.98% first-year return on $126k initial cash invested.

-15.98%

Cash On Cash

2.35%

Cap Rate

0.39

DSCR

$2,924

Rent

-$1,677

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,924 income − $4,601 expenses = $1,677 out of pocket

Income$2,924Out of Pocket$1,677Mortgage P&I$2,56788%Property Taxes$41614%Insurance$1736%HOA$411%Management$43915%CapEx$1174%Maintenance$1174%Other$73125%

Investment Breakdown

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Purchase Price

$514k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,139

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$4,601

Mortgage P&I

88%

$2,567

Property Taxes

14%

$416

Home Insurance

6%

$173

HOA

1%

$41

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$731

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