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724 Forrest Ln, Creedmoor, NC 27522

3 beds • 3 baths • 2320 sqft

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This property looks like a bad Airbnb investment with a projected -9.62% first-year return on $102k initial cash invested.

-9.62%

Cash On Cash

3.8%

Cap Rate

0.65

DSCR

$3,174

Rent

-$816

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,780

Closing costs

1%

$3,989

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,174

Total Expenses

$3,990

Mortgage P&I

61%

$1,951

Property Taxes

11%

$350

Home Insurance

4%

$142

HOA

1%

$23

Property Management

15%

$476

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$794

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