REI Lense

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104 Castle Pines Ln, Statesville, NC 28625

3 beds • 2 baths • 1579 sqft

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This property looks like a bad Airbnb investment with a projected -10.19% first-year return on $92,067 initial cash invested.

-10.19%

Cash On Cash

3.54%

Cap Rate

0.6

DSCR

$2,433

Rent

-$782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,067

Downpayment

20%

$70,540

Closing costs

1%

$3,527

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,433

Total Expenses

$3,215

Mortgage P&I

71%

$1,725

Property Taxes

6%

$152

Home Insurance

5%

$128

HOA

2%

$43

Property Management

15%

$365

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$608

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