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119 Cottontail Ln, Statesville, NC 28677

3 beds • 2 baths • 1495 sqft

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This property looks like a bad Airbnb investment with a projected -9.37% first-year return on $98,472 initial cash invested.

-9.37%

Cash On Cash

3.8%

Cap Rate

0.65

DSCR

$2,662

Rent

-$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,662 income − $3,431 expenses = $769 out of pocket

Income$2,662Out of Pocket$769Mortgage P&I$1,87670%Property Taxes$1425%Insurance$1365%Management$39915%CapEx$1064%Maintenance$1064%Other$66625%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,472

Downpayment

20%

$76,640

Closing costs

1%

$3,832

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,662

Total Expenses

$3,431

Mortgage P&I

70%

$1,876

Property Taxes

5%

$142

Home Insurance

5%

$136

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$666

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