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648 Rockbank Loop, Wendell, NC 27591

3 beds • 3 baths • 2116 sqft

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This property looks like a bad Airbnb investment with a projected -14.66% first-year return on $103k initial cash invested.

-14.66%

Cash On Cash

3.18%

Cap Rate

0.48

DSCR

$2,841

Rent

-$1,263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,841 income − $4,104 expenses = $1,263 out of pocket

Income$2,841Out of Pocket$1,263Mortgage P&I$2,22678%Property Taxes$37013%Insurance$1445%Management$42615%CapEx$1144%Maintenance$1144%Other$71025%

Investment Breakdown

|

Purchase Price

$407k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,300

Closing costs

1%

$4,065

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,841

Total Expenses

$4,104

Mortgage P&I

78%

$2,226

Property Taxes

13%

$370

Home Insurance

5%

$144

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$710

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