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11 Eagle Pointe Way, Flat Rock, NC 28731

3 beds • 2 baths • 1669 sqft

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This property looks like a bad Airbnb investment with a projected -11.74% first-year return on $106k initial cash invested.

-11.74%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$2,676

Rent

-$1,035

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,676 income − $3,711 expenses = $1,035 out of pocket

Income$2,676Out of Pocket$1,035Mortgage P&I$2,08478%Property Taxes$1947%Insurance$1496%Management$40115%CapEx$1074%Maintenance$1074%Other$66925%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,600

Closing costs

1%

$4,180

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,676

Total Expenses

$3,711

Mortgage P&I

78%

$2,084

Property Taxes

7%

$194

Home Insurance

6%

$149

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$669

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