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709 Appaloosa Way, Wake Forest, NC 27587

3 beds • 2 baths • 1627 sqft

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This property looks like a bad Airbnb investment with a projected -5.96% first-year return on $96,162 initial cash invested.

-5.96%

Cash On Cash

4.77%

Cap Rate

0.81

DSCR

$3,201

Rent

-$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,162

Downpayment

20%

$74,440

Closing costs

1%

$3,722

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,201

Total Expenses

$3,679

Mortgage P&I

57%

$1,831

Property Taxes

6%

$186

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$480

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$800

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