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601 Joseph Alexander Dr, Fuquay Varina, NC 27526

3 beds • 3 baths • 2600 sqft

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This property looks like a bad Airbnb investment with a projected -15.1% first-year return on $111k initial cash invested.

-15.1%

Cash On Cash

2.44%

Cap Rate

0.41

DSCR

$2,335

Rent

-$1,400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,335 income − $3,735 expenses = $1,400 out of pocket

Income$2,335Out of Pocket$1,400Mortgage P&I$2,21195%Property Taxes$2149%Insurance$1587%HOA$321%Management$35015%CapEx$934%Maintenance$934%Other$58425%

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,820

Closing costs

1%

$4,441

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,335

Total Expenses

$3,735

Mortgage P&I

95%

$2,211

Property Taxes

9%

$214

Home Insurance

7%

$158

HOA

1%

$32

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$584

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