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110 Southwick Ct, Fletcher, NC 28732

3 beds • 3 baths • 1794 sqft

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This property looks like a bad Airbnb investment with a projected -6.62% first-year return on $113k initial cash invested.

-6.62%

Cash On Cash

4.5%

Cap Rate

0.78

DSCR

$3,559

Rent

-$622

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,559 income − $4,181 expenses = $622 out of pocket

Income$3,559Out of Pocket$622Mortgage P&I$2,17361%Property Taxes$1394%Insurance$1615%Management$53415%CapEx$1424%Maintenance$1424%Other$89025%

Investment Breakdown

|

Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,280

Closing costs

1%

$4,514

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,559

Total Expenses

$4,181

Mortgage P&I

61%

$2,173

Property Taxes

4%

$139

Home Insurance

5%

$161

HOA

0%

$0

Property Management

15%

$534

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$890

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