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660 Lake Forest Drive SE, Pinehurst, NC 28374

3 beds • 3 baths • 3760 sqft

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This property looks like a bad Airbnb investment with a projected -23.97% first-year return on $216k initial cash invested.

-23.97%

Cash On Cash

0.72%

Cap Rate

0.12

DSCR

$2,579

Rent

-$4,319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,579 income − $6,898 expenses = $4,319 out of pocket

Income$2,579Out of Pocket$4,319Mortgage P&I$4,782185%Property Taxes$39715%Insurance$48119%Management$38715%CapEx$1034%Maintenance$1034%Other$64525%

Investment Breakdown

|

Purchase Price

$944k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$216k

Downpayment

20%

$189k

Closing costs

1%

$9,439

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,579

Total Expenses

$6,898

Mortgage P&I

185%

$4,782

Property Taxes

15%

$397

Home Insurance

19%

$481

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$645

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