REI Lense- Airbnb
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Long-Term Rental Analysis
824 Brigham Rd, Raleigh, NC 27610
$300,000 • 3 beds • 2 baths • 1071 sqft
This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $63,000 initial cash invested.
Cash On Cash
-11.79%
Cap Rate
4.25%
Rent
$1,699
Signal: Low
Cashflow
-$619
Financing
Purchase Price $300k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $63,000
Downpayment $60,000
Closing costs $3,000
Rehab $0
Furnishing $0
Cashflow
Total Income $1,699
Total Expenses $2,318
Mortgage P&I $1,597
Property Taxes $174
Home Insurance $105
PManagement $170
CapEx $85
Vacancy $102
Maintenance $85
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 2451 Jimmy Carter Way | $1699 | 3 | 2 | 1092 | 0.8 mi |
| 2 | 1109 Thelonious Dr | $2400 | 3 | 2 | 1072 | 1.7 mi |
| 3 | 516 Dacian Rd | $1400 | 3 | 1.5 | 1058 | 0.4 mi |
| 4 | 1705 E Lenoir St | $1800 | 3 | 2 | 1150 | 1.1 mi |
| 5 | 860 Darby St | $1550 | 3 | 2 | 1045 | 1.8 mi |
| 6 | 119 S Pettigrew St | $1995 | 3 | 2 | 1134 | 1.9 mi |
| 7 | 1504 Malta Ave | $1550 | 3 | 2 | 950 | 1.1 mi |
| 8 | 1506 E Lenoir St | $2165 | 3 | 2 | 1204 | 1.2 mi |
| 9 | 804 Vardaman St, Unit B | $2375 | 3 | 2 | 1200 | 1.3 mi |
| 10 | 1112 Coleman St | $2350 | 3 | 2 | 1201 | 1.5 mi |
| 11 | 1216 Bentley Ln | $1550 | 3 | 1.5 | 1092 | 1.4 mi |
| 12 | 1510 Malta Ave | $1895 | 3 | 2 | 920 | 1.1 mi |
| 13 | 1135 S State St | $2700 | 3 | 2 | 1197 | 1.6 mi |
| 14 | 905 Belmont Dr | $1600 | 3 | 1.5 | 1185 | 0.2 mi |
| 15 | 729 S State St | $2250 | 3 | 2 | 1200 | 1.7 mi |
| 16 | 141 Lord Ashley Rd | $1945 | 3 | 2 | 1183 | 2 mi |
| 17 | 833 Coleman St | $2250 | 3 | 2 | 1250 | 1.5 mi |
| 18 | 2300 Shannon St | $1650 | 3 | 1.5 | 975 | 0.8 mi |
| 19 | 2407 Maplewood Ln | $1640 | 3 | 2 | 1296 | 1 mi |
| 20 | 1005 Shades Pl | $1350 | 3 | 1.5 | 1100 | 1.9 mi |
| 21 | 844 Rawls Dr | $1450 | 3 | 2 | 1261 | 1.7 mi |
| 22 | 423 Glenbrook Dr | $1500 | 3 | 1 | 1075 | 0.9 mi |
| 23 | 613 Juno Ct | $1590 | 3 | 1 | 1025 | 0.4 mi |
| 24 | 721 S State St | $2450 | 3 | 2 | 1274 | 1.7 mi |
| 25 | 430 Glenbrook Dr | $895 | 3 | 1 | 1050 | 0.9 mi |