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948 Clarion Dr, Durham, NC 27705

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Airbnb investment with a projected -8.59% first-year return on $103k initial cash invested.

-8.59%

Cash On Cash

4.12%

Cap Rate

0.7

DSCR

$3,273

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,600

Closing costs

1%

$4,030

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,273

Total Expenses

$4,008

Mortgage P&I

61%

$1,989

Property Taxes

9%

$299

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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