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638 E Lakota Dr, Fuquay Varina, NC 27526

3 beds • 2 baths • 2005 sqft

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This property looks like a bad Airbnb investment with a projected -13.19% first-year return on $117k initial cash invested.

-13.19%

Cash On Cash

2.91%

Cap Rate

0.5

DSCR

$3,025

Rent

-$1,283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,025 income − $4,308 expenses = $1,283 out of pocket

Income$3,025Out of Pocket$1,283Mortgage P&I$2,30176%Property Taxes$31210%Insurance$1686%HOA$752%Management$45415%CapEx$1214%Maintenance$1214%Other$75625%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,000

Closing costs

1%

$4,700

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,025

Total Expenses

$4,308

Mortgage P&I

76%

$2,301

Property Taxes

10%

$312

Home Insurance

6%

$168

HOA

2%

$75

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$756

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