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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 -10.8% first-year return on $86,250 initial cash invested.

-10.8%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$2,184

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,184 income − $2,960 expenses = $776 out of pocket

Income$2,184Out of Pocket$776Mortgage P&I$1,62174%Property Taxes$1778%Insurance$1145%Management$32815%CapEx$874%Maintenance$874%Other$54625%

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

$2,184

Total Expenses

$2,960

Mortgage P&I

74%

$1,621

Property Taxes

8%

$177

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$328

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$546

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