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1014 Ranbar St, Cherryville, NC 28021

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Airbnb investment with a projected -7.82% first-year return on $86,250 initial cash invested.

-7.82%

Cash On Cash

4.29%

Cap Rate

0.72

DSCR

$2,596

Rent

-$562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,596 income − $3,158 expenses = $562 out of pocket

Income$2,596Out of Pocket$562Mortgage P&I$1,62162%Property Taxes$1777%Insurance$1144%Management$38915%CapEx$1044%Maintenance$1044%Other$64925%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,596

Total Expenses

$3,158

Mortgage P&I

62%

$1,621

Property Taxes

7%

$177

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$389

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$649

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