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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 -13.51% first-year return on $117k initial cash invested.

-13.51%

Cash On Cash

2.82%

Cap Rate

0.48

DSCR

$2,962

Rent

-$1,314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,962 income − $4,276 expenses = $1,314 out of pocket

Income$2,962Out of Pocket$1,314Mortgage P&I$2,30178%Property Taxes$31211%Insurance$1686%HOA$753%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

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

$2,962

Total Expenses

$4,276

Mortgage P&I

78%

$2,301

Property Taxes

11%

$312

Home Insurance

6%

$168

HOA

3%

$75

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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