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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 -11.44% first-year return on $105k initial cash invested.

-11.44%

Cash On Cash

3.58%

Cap Rate

0.58

DSCR

$2,820

Rent

-$1,002

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,820 income − $3,822 expenses = $1,002 out of pocket

Income$2,820Out of Pocket$1,002Mortgage P&I$2,12875%Property Taxes$1957%Insurance$1455%Management$42315%CapEx$1134%Maintenance$1134%Other$70525%

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

$2,820

Total Expenses

$3,822

Mortgage P&I

75%

$2,128

Property Taxes

7%

$195

Home Insurance

5%

$145

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$705

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