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10 Mitchell Ridge Dr, Youngsville, NC 27596

3 beds • 3 baths • 2100 sqft

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This property looks like a bad Airbnb investment with a projected -15.5% first-year return on $112k initial cash invested.

-15.5%

Cash On Cash

2.28%

Cap Rate

0.38

DSCR

$2,126

Rent

-$1,441

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,126 income − $3,567 expenses = $1,441 out of pocket

Income$2,126Out of Pocket$1,441Mortgage P&I$2,202104%Property Taxes$1869%Insurance$1587%Management$31915%CapEx$854%Maintenance$854%Other$53225%

Investment Breakdown

|

Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,080

Closing costs

1%

$4,454

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,126

Total Expenses

$3,567

Mortgage P&I

104%

$2,202

Property Taxes

9%

$186

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$532

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