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6416 Bissette Rd, Wendell, NC 27591

3 beds • 4 baths • 3357 sqft

$1,167,800

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This property looks like a bad Airbnb investment with a projected -20.7% first-year return on $263k initial cash invested.

-20.7%

Cash On Cash

1.48%

Cap Rate

0.25

DSCR

$4,136

Rent

-$4,540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,136 income − $8,676 expenses = $4,540 out of pocket

Income$4,136Out of Pocket$4,540Mortgage P&I$5,811140%Property Taxes$46111%Insurance$42010%Management$62015%CapEx$1654%Maintenance$1654%Other$1,03425%

Investment Breakdown

|

Purchase Price

$1168k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$263k

Downpayment

20%

$234k

Closing costs

1%

$11,678

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,136

Total Expenses

$8,676

Mortgage P&I

141%

$5,811

Property Taxes

11%

$461

Home Insurance

10%

$420

HOA

0%

$0

Property Management

15%

$620

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,034

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