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919 Homestead Park Dr, Apex, NC 27502

3 beds • 2 baths • 1230 sqft

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This property looks like a bad Airbnb investment with a projected -9.07% first-year return on $102k initial cash invested.

-9.07%

Cash On Cash

3.94%

Cap Rate

0.67

DSCR

$3,117

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$402k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,420

Closing costs

1%

$4,021

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,117

Total Expenses

$3,891

Mortgage P&I

63%

$1,969

Property Taxes

8%

$264

Home Insurance

5%

$144

HOA

1%

$17

Property Management

15%

$468

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$779

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