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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 -11.38% first-year return on $106k initial cash invested.

-11.38%

Cash On Cash

3.42%

Cap Rate

0.57

DSCR

$2,740

Rent

-$1,003

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,740 income − $3,743 expenses = $1,003 out of pocket

Income$2,740Out of Pocket$1,003Mortgage P&I$2,08476%Property Taxes$1947%Insurance$1495%Management$41115%CapEx$1104%Maintenance$1104%Other$68525%

Investment Breakdown

|

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

$2,740

Total Expenses

$3,743

Mortgage P&I

76%

$2,084

Property Taxes

7%

$194

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$685

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