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10 Chestnut Top Cir, Mills River, NC 28759

3 beds • 3 baths • 2642 sqft

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This property looks like a bad Airbnb investment with a projected -10% first-year return on $150k initial cash invested.

-10%

Cash On Cash

3.89%

Cap Rate

0.66

DSCR

$4,613

Rent

-$1,246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,613 income − $5,859 expenses = $1,246 out of pocket

Income$4,613Out of Pocket$1,246Mortgage P&I$3,09167%Property Taxes$1884%Insurance$2716%HOA$942%Management$69215%CapEx$1854%Maintenance$1854%Other$1,15325%

Investment Breakdown

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Purchase Price

$626k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$125k

Closing costs

1%

$6,264

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,613

Total Expenses

$5,859

Mortgage P&I

67%

$3,091

Property Taxes

4%

$188

Home Insurance

6%

$271

HOA

2%

$94

Property Management

15%

$692

CapEx

4%

$185

Vacancy

0%

$0

Maintenance

4%

$185

Other

25%

$1,153

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