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804 Olive St, Apex, NC 27502

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Airbnb investment with a projected -9.69% first-year return on $123k initial cash invested.

-9.69%

Cash On Cash

3.91%

Cap Rate

0.66

DSCR

$3,751

Rent

-$993

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,751 income − $4,744 expenses = $993 out of pocket

Income$3,751Out of Pocket$993Mortgage P&I$2,47266%Property Taxes$2968%Insurance$1755%Management$56315%CapEx$1504%Maintenance$1504%Other$93825%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,751

Total Expenses

$4,744

Mortgage P&I

66%

$2,472

Property Taxes

8%

$296

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$563

CapEx

4%

$150

Vacancy

0%

$0

Maintenance

4%

$150

Other

25%

$938

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