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616 Bladestone Ct, Apex, NC 27502

3 beds • 2 baths • 1114 sqft

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This property looks like a bad Airbnb investment with a projected -1.87% first-year return on $95,595 initial cash invested.

-1.87%

Cash On Cash

5.88%

Cap Rate

1

DSCR

$3,935

Rent

-$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,595

Downpayment

20%

$73,900

Closing costs

1%

$3,695

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,935

Total Expenses

$4,084

Mortgage P&I

46%

$1,804

Property Taxes

7%

$282

Home Insurance

3%

$110

HOA

0%

$0

Property Management

15%

$590

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$984

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Cozy Historic Home-Downtown Apex

$3,376

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3

2

0.2 mi

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2

0.61 mi

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$4,367

$194

3

2.5

0.32 mi

Coziest Apex 3BR Cottage - 5 Min Walk to Downtown

$3,669

$163

3

1

0.05 mi

104 W Rancho Del Cerro

$2,500

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4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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