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6001 Titanic Ct, Wake Forest, NC 27587

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Airbnb investment with a projected -10.96% first-year return on $105k initial cash invested.

-10.96%

Cash On Cash

3.71%

Cap Rate

0.6

DSCR

$2,900

Rent

-$960

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,900 income − $3,860 expenses = $960 out of pocket

Income$2,900Out of Pocket$960Mortgage P&I$2,12873%Property Taxes$1957%Insurance$1455%Management$43515%CapEx$1164%Maintenance$1164%Other$72525%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,900

Total Expenses

$3,860

Mortgage P&I

73%

$2,128

Property Taxes

7%

$195

Home Insurance

5%

$145

HOA

0%

$0

Property Management

15%

$435

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$725

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