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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 -8.25% first-year return on $86,250 initial cash invested.

-8.25%

Cash On Cash

4.17%

Cap Rate

0.7

DSCR

$2,539

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,539 income − $3,132 expenses = $593 out of pocket

Income$2,539Out of Pocket$593Mortgage P&I$1,62164%Property Taxes$1777%Insurance$1144%Management$38115%CapEx$1024%Maintenance$1024%Other$63525%

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

$2,539

Total Expenses

$3,132

Mortgage P&I

64%

$1,621

Property Taxes

7%

$177

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$381

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$635

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