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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 -14.71% first-year return on $111k initial cash invested.

-14.71%

Cash On Cash

2.55%

Cap Rate

0.43

DSCR

$2,405

Rent

-$1,364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,405 income − $3,769 expenses = $1,364 out of pocket

Income$2,405Out of Pocket$1,364Mortgage P&I$2,21192%Property Taxes$2149%Insurance$1587%HOA$321%Management$36115%CapEx$964%Maintenance$964%Other$60125%

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

$2,405

Total Expenses

$3,769

Mortgage P&I

92%

$2,211

Property Taxes

9%

$214

Home Insurance

7%

$158

HOA

1%

$32

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$601

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