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110 Burkemont Ave, Morganton, NC 28655

3 beds • 2 baths • 1974 sqft

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This property looks like a bad Airbnb investment with a projected -11.76% first-year return on $90,492 initial cash invested.

-11.76%

Cash On Cash

3.05%

Cap Rate

0.52

DSCR

$2,093

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,492

Downpayment

20%

$69,040

Closing costs

1%

$3,452

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,093

Total Expenses

$2,980

Mortgage P&I

80%

$1,679

Property Taxes

7%

$142

Home Insurance

7%

$154

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$523

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