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105 Spurgen Dr, Kings Mountain, NC 28086

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Airbnb investment with a projected -14.05% first-year return on $84,381 initial cash invested.

-14.05%

Cash On Cash

2.51%

Cap Rate

0.42

DSCR

$1,665

Rent

-$988

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,665 income − $2,653 expenses = $988 out of pocket

Income$1,665Out of Pocket$988Mortgage P&I$1,58195%Property Taxes$1589%Insurance$1147%Management$25015%CapEx$674%Maintenance$674%Other$41625%

Investment Breakdown

|

Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,381

Downpayment

20%

$63,220

Closing costs

1%

$3,161

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,665

Total Expenses

$2,653

Mortgage P&I

95%

$1,581

Property Taxes

9%

$158

Home Insurance

7%

$114

HOA

0%

$0

Property Management

15%

$250

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$416

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