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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 -9.83% first-year return on $84,381 initial cash invested.

-9.83%

Cash On Cash

3.72%

Cap Rate

0.62

DSCR

$2,238

Rent

-$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $2,929 expenses = $691 out of pocket

Income$2,238Out of Pocket$691Mortgage P&I$1,58171%Property Taxes$1587%Insurance$1145%Management$33615%CapEx$904%Maintenance$904%Other$56025%

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

$2,238

Total Expenses

$2,929

Mortgage P&I

71%

$1,581

Property Taxes

7%

$158

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$560

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