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115 E Heath Ave, Smithfield, NC 27577

3 beds • 2 baths • 1286 sqft

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This property looks like a bad Airbnb investment with a projected -1.9% first-year return on $64,977 initial cash invested.

-1.9%

Cash On Cash

6.28%

Cap Rate

1

DSCR

$2,494

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $2,597 expenses = $103 out of pocket

Income$2,494Out of Pocket$103Mortgage P&I$1,17347%Property Taxes$1466%Insurance$803%Management$37415%CapEx$1004%Maintenance$1004%Other$62425%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,977

Downpayment

20%

$44,740

Closing costs

1%

$2,237

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,494

Total Expenses

$2,597

Mortgage P&I

47%

$1,173

Property Taxes

6%

$146

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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