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1040 Alexwood Dr, Hope Mills, NC 28348

3 beds • 2 baths • 1492 sqft

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This property looks like a bad Airbnb investment with a projected -9.21% first-year return on $72,180 initial cash invested.

-9.21%

Cash On Cash

3.76%

Cap Rate

0.63

DSCR

$1,834

Rent

-$554

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,834 income − $2,388 expenses = $554 out of pocket

Income$1,834Out of Pocket$554Mortgage P&I$1,28970%Property Taxes$1297%Insurance$915%Management$27515%CapEx$734%Maintenance$734%Other$45825%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,180

Downpayment

20%

$51,600

Closing costs

1%

$2,580

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,834

Total Expenses

$2,388

Mortgage P&I

70%

$1,289

Property Taxes

7%

$129

Home Insurance

5%

$91

HOA

0%

$0

Property Management

15%

$275

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$458

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