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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 -10.94% first-year return on $84,381 initial cash invested.

-10.94%

Cash On Cash

3.4%

Cap Rate

0.57

DSCR

$2,084

Rent

-$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,084 income − $2,853 expenses = $769 out of pocket

Income$2,084Out of Pocket$769Mortgage P&I$1,58176%Property Taxes$1588%Insurance$1145%Management$31315%CapEx$834%Maintenance$834%Other$52125%

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

$2,084

Total Expenses

$2,853

Mortgage P&I

76%

$1,581

Property Taxes

8%

$158

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$313

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$521

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