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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 -12.49% first-year return on $102k initial cash invested.

-12.49%

Cash On Cash

3%

Cap Rate

0.51

DSCR

$2,553

Rent

-$1,066

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,553 income − $3,619 expenses = $1,066 out of pocket

Income$2,553Out of Pocket$1,066Mortgage P&I$1,96977%Property Taxes$26410%Insurance$1446%HOA$171%Management$38315%CapEx$1024%Maintenance$1024%Other$63825%

Investment Breakdown

|

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

$2,553

Total Expenses

$3,619

Mortgage P&I

77%

$1,969

Property Taxes

10%

$264

Home Insurance

6%

$144

HOA

1%

$17

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$638

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